Trump says willing to extend trade talks deadline
“A 90-day pause in Trump's broadest, ‘reciprocal’ tariffs will end on July 8, with only one trade deal agreed with Britain and some 17 others at various stages of negotiation. ‘It is highly likely that those countries - or trading blocs as is the case with the EU - who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations,’ Bessent told the House Ways and Means Committee. ‘If someone is not negotiating, then we will not.’”
[Reuters]
Carney says he and Trump are aiming for a Canada-US deal inside 30 days
“Carney's office did not immediately respond when asked whether the statement meant Ottawa had accepted the idea that some U.S. tariffs would stay. Trump said earlier that a new deal with Canada was possible but stressed tariffs had to play a role, a position that the Canadian government strongly opposes.”
[Reuters]
Japan, U.S. fail to reach tariff deal at Ishiba-Trump summit
“While the United States has given Japan and other countries a 90-day reprieve from what it calls ‘reciprocal’ tariffs, Ishiba did not say whether he and Trump discussed the possibility of an extension, after Washington hinted that the pause can be extended for trading partners engaged in negotiations in ‘good faith.’”
[Kyodo News]
Third round of Vietnam-U.S. reciprocal trade pact talks sees “significant progress”
“Dien proposed a number of ideas to accelerate the negotiation process and drive results. Both Lutnick and Greer welcomed the Vietnamese delegation’s proposals, largely endorsing them as a basis for further discussions.”
[The Investor]
Indonesia-U.S. trade negotiations in limbo as deadline nears
“President Prabowo Subianto said on April 7 that the archipelago was ready to import an additional US$18 billion worth of American-made products to balance out bilateral trade, which is the amount by which Indonesian exports to the US exceeded its imports from the US. This promise became a centerpiece of the possible concessions the Indonesian delegation brought to the negotiation table. Jakarta also proffered exclusive tariff cuts for US goods and a deregulation package aimed at improving the business landscape for US companies in Indonesia, such as by relaxing local content requirements and removing import quotas for select commodities.”
[Asia News Network]
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