The Trump administration wants other countries to submit their best proposals on trade talks by Wednesday, as officials want to accelerate talks with several partners before the five-week deadline for tariffs to be re-imposed. In this regard, a draft letter has been sent to the negotiating partners.
The draft prepared by the US Trade Representative's Office gives an indication of how President Donald Trump plans to finalize complex talks with dozens of countries. These talks began on April 9, when he halted his tariffs for 90 days (till July 8), as there was a lot of turmoil in the stock, bond and currency markets.
America wants trade talks
This document also shows how the Trump administration is eager to complete the trade talks within the deadline. Officials like White House economic adviser Kevin Hassett have repeatedly promised that many agreements are going to be completed. On the other hand, so far only one agreement has been reached with Britain, America's major trading partner.
According to the draft document, America is asking other countries to list their best proposals in several key areas. These include tariff proposals for the purchase of American industrial and agricultural products and plans to remove any non-tariff barriers.
Request to suspend the order on tariffs
The Trump administration on Monday requested the appellate court to stay the decision of those courts, which said that the President had exceeded his authority by imposing excessive tariffs on imports. The administration said that this decision puts trade talks with other countries in danger.
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