Donald Trump has announced that his administration expects to finalize most trade deals with various countries by August 1. This move is part of his effort to make trade relationships more reciprocal and address the US goods trade deficit. Trump mentioned that they are close to reaching a deal with China and have already completed most trade agreements.

*Countries with Finalized Trade Deals:*

- *Japan*: Agreed to a 15% tariff on exports to the US, down from 25%. Japan will invest $550 billion in the US and increase imports of US goods.

- *Philippines*: Secured a 19% tariff rate on goods entering the US market.

- *Indonesia*: Reached a deal with a 19% tariff rate on its goods, lower than the threatened 32% rate.

- *Vietnam*: Subject to a 20% tariff rate, instead of the threatened 46% rate.

- *Britain*: Average tariff rate of 10%, with a 27.5% tariff rate on cars dropped to 10% for the first 100,000 vehicles per year

*Ongoing Negotiations:*

- *China*: Preliminary talks have taken place, but many details remain to be finalized.

- *European Union*: A potential agreement is on the horizon, with a possible 15% tariff rate and carveouts for key sectors.

- *South Korea*: Productive negotiations are ongoing to reduce unfair trade barriers and enhance market access for US businesses #DonaldTrump #TrumpBitcoinEmpire #JapanCrypto #ChinaCrypto #StablecoinLaw