U.S. President Donald Trump said his administration is negotiating five to six trade agreements and expects to finalize two or three of them before Aug. 1. Speaking to reporters on 15 July, he indicated he is hesitant to conclude all the talks but believes a subset can be wrapped up within the next two weeks. In follow-up comments on 18 July, Trump described the pending accords as “big” and said formal letters detailing the proposed terms—potentially including 35 % to 40 % duties—could be dispatched as early as the same day. He did not identify the partner countries or sectors involved, nor did he specify whether the agreements would require congressional approval.
Pres Trump: We've got trade deals coming out of our ears; We've got a couple to announce soon, maybe today 🇺🇸
TRUMP: WE HAVE A COUPLE OF BIG TRADE LETTERS GOING OUT, COULD BE TODAY; WHEN I SEND OUT THE PAPER SAYING 35%, 40% IT'S A DEAL
Trump: When I send out the paper saying 35%, 40% it's a deal.