The article discusses the optimism surrounding U.S. trade negotiations, primarily between the U.S. and China, where a recent deal has been signed to expedite rare earth shipments. As the deadline for a trade war pause approaches, U.S. Commerce Secretary Howard Lutnick indicates that multiple agreements with major trading partners are on the horizon. The article emphasizes the urgency of negotiations and suggests an organized approach to categorizing countries based on their trade deal status, alluding to possible tariff adjustments if deals are not finalized soon.
Hopes are building that the US may be close to announcing more trade deals, and avoid imposing punishing new tariffs that would disrupt the global economy.
Donald Trump announced that China and the US had signed a deal, without providing details, declaring: 'We just signed with China yesterday.'
The US, and its trading partners, have less than two weeks until Trump's 90-day trade war pause expires.
Lutnick has indicated that countries will be sorted into proper buckets on 9 July, although there might be flexibility for further negotiations.
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