US President Donald Trump had initially promised to secure 90 new trade deals within 90 days, but only two have been finalized so far. One of these deals with China is set to expire in two weeks. Despite this progress, many of the remaining agreements are still in their early stages and lack clarity.
Trump’s original deadline of July 8 has passed, and his administration now shifts blame to other trading partners for not negotiating in good faith. Treasury Secretary Scott Bessent stated that Trump is concerned with the quality, not quantity, of the deals.
Since extending the deadline to August 1, Trump has sent letters to heads of state outlining tariff rates on their country’s goods if no trade deal is reached. The president believes these letters represent actual agreements. However, many of the remaining deals are still uncertain and require further clarification.
Source: https://edition.cnn.com/business/live-news/trade-deadline-tariffs-trump-deals