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Investing.com -- The Trump administration is urging countries to present their most favorable trade proposals by Wednesday, according to a report from Reuters, citing a draft letter to negotiating partners. This move is part of an effort to speed up discussions with multiple partners before a self-set deadline in five weeks.
The document, originating from the office of the United States Trade Representative, gives insights into President Donald Trump’s strategy to conclude extensive negotiations with numerous countries. These talks began on April 9 when he temporarily halted his "Liberation Day" tariffs for 90 days until July 8, following significant market reactions to the broad scope of the tariffs.
According to the draft, the U.S. is requesting nations to outline their best offers in key areas. These include tariff and quota proposals for the purchase of U.S. industrial and agricultural products, and plans to address any non-tariff barriers. Other requests cover commitments on digital trade, economic security, and country-specific obligations.
The U.S. will review the responses in the coming days and propose "a possible landing zone" which might include a reciprocal tariff rate. The specific countries to which the letter will be sent remain unclear, but it is aimed at those where active negotiations are in progress, including document exchanges and meetings.