Top U.S. trade officials are now seeking narrower agreements with other countries to secure deals before President Donald Trump's July 9 tariff deadline, the Financial Times reported on Tuesday, citing people familiar with the talks.
Countries that agree on narrower deals would be spared the harsher reciprocal tariffs, but left with an existing 10% levy while talks on thornier issues continue, the FT said.
Trump's reciprocal tariffs are set to kick in on July 9, after a 90-day pause.
With only a limited deal with Britain completed so far, Trump has repeatedly threatened just to send a series of letters to trading partners identifying what their new tariff rate will be after the deadline. Treasury Secretary Scott Bessent has said the risk of tariffs going up next week is real.
The FT added that the Trump administration would seek "agreements in principle" on a small number of trade disputes ahead of the deadline, and that the administration was also still considering imposing additional tariffs on critical sectors.
Trump has said his July 9 trade deadline was not a fixed date, telling reporters last week at the White House that it could be sooner or later than that date, when wider U.S. tariffs are set to be re-imposed if deals are not reached.
The White House and the U.S. Commerce Department did not immediately respond to Reuters' requests for comment. Reuters could not immediately verify the FT report.
Countries that agree on narrower deals would be spared the harsher reciprocal tariffs, but left with an existing 10% levy while talks on thornier issues continue, the FT said.
Trump's reciprocal tariffs are set to kick in on July 9, after a 90-day pause.
With only a limited deal with Britain completed so far, Trump has repeatedly threatened just to send a series of letters to trading partners identifying what their new tariff rate will be after the deadline. Treasury Secretary Scott Bessent has said the risk of tariffs going up next week is real.
The FT added that the Trump administration would seek "agreements in principle" on a small number of trade disputes ahead of the deadline, and that the administration was also still considering imposing additional tariffs on critical sectors.
Trump has said his July 9 trade deadline was not a fixed date, telling reporters last week at the White House that it could be sooner or later than that date, when wider U.S. tariffs are set to be re-imposed if deals are not reached.
The White House and the U.S. Commerce Department did not immediately respond to Reuters' requests for comment. Reuters could not immediately verify the FT report.
You may also like
Brits urged to check passport pages 3 weeks before flying or risk being turned away
Former nurse's bestselling bedside manner!
Huge UK broadband speed boost confirmed - is your postcode finally getting upgraded?
Your 2p coin could be worth £1,000 if it has this two-word error
Dubai real estate: Low-risk investment hub with strong FDI growth
