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Benzinga
Benzinga
Business
Namrata Sen

Trump Administration Reportedly Scales Back Ambitions For Comprehensive Trade Deals Before Tariff Deadline

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The Trump administration is reportedly lowering its aspirations for comprehensive reciprocal deals. Instead, it is favoring narrower agreements to avoid the reimposition of U.S. tariffs.

What Happened:  The US is now seeking phased deals with key countries, with the aim of reaching agreements by July 9, reported the Financial Times on Tuesday. This shift in strategy is a departure from the White House’s initial plan to secure 90 trade deals during the 90-day pause in reciprocal tariffs announced by President Donald Trump in April.

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