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Updates to correct FOX News to FOX Business in lede
Investing.com-- U.S. President Donald Trump’s administration is close to announcing a “handful of trade deals,” FOX Business Network’s Charles Gasparino said in a social media post on Tuesday.
Gasparino cited sources on Wall Street and the White House, which said that Washington was making progress on potential deals with Japan, South Korea, and Vietnam.
Gasparino said that while India was “thought to be a done deal,” its brief military conflict with Pakistan upended trade talks. While an India trade deal could reemerge, it is no longer on the list of pending deals.
The Trump administration was seen engaging in steady dialogue with Japan and South Korea in recent weeks, although progress towards a deal appeared unclear.
Japan in particular has maintained its demand to be exempt from all U.S. tariffs, which has complicated trade talks with Washington.
Gasparino’s post comes with roughly two weeks left for Trump’s deadline to impose harsher, “reciprocal tariffs” on major economies. Trump had unveiled the tariffs during his “liberation day” in early-April, and had given the targeted countries three months to reach a trade deal with the United States.
So far, Trump has only struck a trade deal with the UK and a temporary agreement with China.