|

Trump administration sets Wednesday deadline for trade offers from other countries

The Trump administration is reportedly working on delivering a final trade offer deadline set for this Wednesday. According to reporting by Reuters, a draft letter to various US trading partners is setting an impossibly-close deadline to try and strongarm trade talk acceleration as the US struggles to unveil major trade deals the administration insists are forthcoming.

Trump team pushes for deal offers to avert its own tariffs

Time is running out for the Trump team to secure, finalize, and announce trade deals with other countries that support Donald Trump's "America First" campaign pledges. The White House temporarily suspended Trump's "Liberation Day" reciprocal tariff package for 90 days, and it is set to come into full effect in just a few weeks on July 8.

So far, the only country that has come close to reaching a trade agreement with the US is the United Kingdom, which itself contains little in the way of actual trade deal specifics and largely represents an agreement to continue negotiating in a manner that will please President Trump.

The Trump administration is undoubtedly in a rush to secure some form of announceable trade concession from a major trading partner: Trump's tariffs are on litigation life support, having been granted a brief stay as the US federal appeals court weighs the validity of the lawsuit brought against Trump regarding his tariffs. If the trade court's initial findings that Trump abused the IEEPA legal framework to impose trade tariffs unconstitutionally, it could bring about the end of Trump's ability to impose tariffs that have a global market-shattering impact.

Author

Joshua Gibson

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

More from Joshua Gibson
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull. 

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance. 

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).