The Trump government is calling on countries to submit their best possible proposals for trade negotiations by Wednesday, as it seeks to accelerate talks with many partners in view of the five -week deadline, according to a draft letter to the traders.
The draft, derived from the US Commercial Representative Office (USTR), offers a picture of how President Donald Trump intends to complete the difficult negotiations with dozens of countries, which began on April 9, when he suspended their 90 -day bureaucrats.
The document shows the pressure exerted by the White House to complete agreements within this strict deadline. Although officials, such as White House financial adviser Kevin Hasset, have repeatedly argued that several agreements are close to completion, so far only one agreement has been concluded with a major US trade partner: Britain. But even this is more of a framework for further conversations than a final agreement.
According to the draft, the US is calling on countries to list their best proposals in key areas. These relate to duties and quotas for the purchase of US industrial and agricultural products, as well as plans to eliminate non -tariff barriers.
It also calls for commitments on digital trade and economic security, as well as specific commitments by country, as stated in the letter.
The US will evaluate the answers within a few days and propose a “possible convergence zone”, which could include mutual duty rates, according to the document.
It is not clear in exactly which countries the letter will be sent, but it is addressed to those with which the negotiations are ongoing and include meetings and exchange of documents. Active negotiations are conducted with the European Union, Japan, Vietnam and India, among others.
USTR official said the trade negotiations are continuing. “Productive negotiations with many basic commercial partners continue at a fast pace. It is in the interest of all sides to evaluate progress and evaluate the next steps. “
‘Despite the ongoing judicial dispute’
Donald Trump’s ambitious duty program is a key pillar of his financial agenda “First America” ​​as it attempts to reshape US trade, reduce trade deficits and protect US industries.
Republican MPs are also betting on duties to boost federal revenue and offsetting the cost of taxation legislation promoted in Congress.
The abrupt changes in Trump’s commercial policy have created a strong volatility in the markets. In May, the US shares rose the largest rise since November 2023, but this happened after a period of significant losses in global indicators due to duty announcements during the months of February, March and April.
Stock markers were almost unchanged on Monday afternoon, after Trump had made a surprise announcement of doubts on steel and aluminum imports during an event in Pittsburgh.
At the same time, the legality of the method used to impose duties is legally disputed.
Last Wednesday, the Court of Justice of International Trade ruled that Trump exceeded his powers by imposing duties under the Law on International Emergency Financial Statements (IEEPA), including the “Liberation Days” duties, and those who were imposed by Canadians and those who were imposed by Canadians. Fentanyl flow in the US. Less than 24 hours later, the Court of Appeal temporarily suspended the decision. Duties at the center of the legal dispute are expected to remain in force as the case progresses.
The letter draft warns commercial partners not to consider that duties will be suspended if the courts are turning against Trump’s appeal to IEEPA.
“I would also like to note that irrespective of the ongoing judicial dispute over the President’s action to impose reciprocal duties on US courts, the President intends to continue this duty program based on other powerful legal authorizations if necessary. That is why it is important to continue our discussions on these issues, “the draft says.
Source :Skai
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