logo
US pushes countries for best offers by Wednesday as tariff deadline looms

US pushes countries for best offers by Wednesday as tariff deadline looms

Fashion Network2 days ago

The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners viewed by Reuters.
The draft, from the office of the United States Trade Representative, provides a window into how President Donald Trump plans to bring to a close unwieldy negotiations with dozens of countries that kicked off on April 9 when he paused his "Liberation Day" tariffs for 90 days until July 8 after stock, bond and currency markets revolted over the sweeping nature of the levies.
The document suggests an urgency within the administration to complete deals against its own tight deadline. While officials such as White House economic adviser Kevin Hassett have repeatedly promised that several agreements were nearing completion, so far only one agreement has been reached with a major U.S. trading partner: Britain. Even that limited pact was more akin to a framework for ongoing talks than a final deal.
According to the draft document, the U.S. is asking countries to list their best proposals in a number of key areas, including tariff and quota offers for purchase of U.S. industrial and agricultural products and plans to remedy any non-tariff barriers.
Other requested items include any commitments on digital trade and economic security, along with country-specific commitments, according to the letter.
The U.S. will evaluate the responses within days and offer "a possible landing zone" that could include a reciprocal tariff rate, according to the letter.
It was unclear to which specific countries the letter would be sent, but it was directed at those where negotiations were active and included meetings and exchanges of documents. Active negotiations have been under way with the European Union, Japan, Vietnam and India, among others.
A USTR official said trade negotiations were ongoing.
'Productive negotiations with many key trading partners continue at a rapid pace. It is in all parties' interest to take stock of progress and assess any next steps.'
© Thomson Reuters 2025 All rights reserved.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

European steel sector on high alert amid slow-moving trade negotiation
European steel sector on high alert amid slow-moving trade negotiation

Euronews

timean hour ago

  • Euronews

European steel sector on high alert amid slow-moving trade negotiation

The EU steel sector was on high alert on Wednesday following the implementation of 50% US tariffs on steel and aluminium, a move that might divert global steel imports formerly heading to the US towards the EU. "With the doubling of US blanket tariffs on steel to 50% without exceptions, we expect massive deflection of the 27 million tonnes of steel previously destined for the US towards the European market,' director general of the European Steel Association (EUROFER) Axel Eggert warned in a statement. 'We are being flooded by cheap foreign steel,' he added, 'without swift action, we will not just be underwater — we will drown.' Kerstin Maria Rippel, the chief executive of the German Steel Federation said the 50% tariffs marked 'a new level of escalation' in the EU-US trade conflict. 'A 50-percent tariff on steel exports is a massive burden on our industry, as it will increase pressure on an economy already in crisis and will impact our steel sector in multiple ways,' Rippel said. On Monday, US President Donald Trump signed an executive order, which the White House shared on X, claiming that the rise of tariffs on steel and aluminium would 'provide greater support' to US industries, and would 'eliminate the national security threat' posed by imported steel and aluminium. Last March, Trump had re-established tariffs on steel and aluminium, which were initially imposed in 2018 and 2020 under his first mandate. The steel sector has already been struggling with Chinese overcapacities flooding the EU market, but since the US imposed tariffs across the globe the bloc is facing overcapacities from multiple countries. Import penetration in the EU is up to 30% in 2025 in a context of depressed demand, Eggert claimed. In Brussels, the pressure has intensified following Trump's increased tariffs at a time when the EU seeks to negotiate a resolution to its trade dispute with the US. 'The 50% tariffs have clearly not helped the negotiations at all,' said one EU diplomat. On Wednesday, EU Trade Commissioner Maroš Šefčovič acknowledged in an X post that the two sides 'are advancing in the right direction at pace', and are 'staying in close contact to maintain the momentum', following his meeting with his US counterpart, Jamieson Greer in Paris on the sidelines of an OECD trade ministerial. But quizzed by journalists later in the day, Šefčovič said he 'strongly' regretted Trump's latest 50% tariffs on steel and aluminium, adding: 'It doesn't help, especially as we are making progress.' A group of EU high-level experts, including Tomás Baert, trade advisor to European Commission President Ursula von der Leyen, has been in Washington since Monday to negotiate the technical details that could help the EU and the US break the deadlock. Besides the 50% tariffs on steel and aluminium, the EU is also facing a 25% tariff on cars and a 10% levy on all other imports. The US also has launched several investigations into pharma, semiconductors and aircrafts that could lead to further tariffs. Trump has further threatened to impose a 50% tariff on all EU goods as of 9 July if the negotiations fail to meet his expectations. The US and the EU exchanged proposals two weeks ago, but both sides have dismissed the other's offers. The EU offered a deal of zero-for-zero tariffs on all industrial goods and purchase of strategic products such as US energy, tech and agri-products, whereas the US expected the EU to review some of its regulations. The infant mortality rate has increased in at least eight EU countries in 2024, according to the latest figures from the countries' national statistics offices. The infant mortality rate refers to the number of deaths of children under one year of age per 1,000 live births. In 2024, both France and Romania reported infant mortality rates surpassing the EU average of 3.3 deaths per 1,000 live births from 2023. Romania experienced a significant rise in its rate, jumping from 2.1 deaths per 1,000 live births in 2023 to 6.4 in 2024. This is followed by France, which saw the rate double from 2 deaths per 1,000 live births in 2023 to 4.1 deaths per 1,000 live births. This means that one child out of 250 dies before the age of one in France, according to the French Institute of Statistics and Economic Studies (INSEE). Since 2015, France's infant mortality rate has consistently been higher than the EU average. Boys are 1.2 times more likely than girls to die before the age of one and twins or triplets are five times more at risk than any other children. Between 2023 and 2024, Portugal experienced a 20% increase in infant mortality rates, a trend that deviates from the country's overall mortality rate. The causes behind this trend are not clear, but several factors may contribute, including the increasing age of mothers, an increase in multiple pregnancies and geographic inequality of access to maternal health care, according to health experts. On the other hand, Latvia and Sweden have the lowest infant mortality rate in the EU. Currently, Lithuania, Ireland, Luxembourg, Denmark and Slovenia only have estimated numbers. 2024 was a year marked by health staff shortages and the closure of some maternity hospitals in countries like Portugal, Germany and France. During the summer of 2024, 10 Portuguese maternity wards were closed or with restrictions. This followed the government's presentation of a Health Emergency and Transformation Plan to be implemented in three months to guarantee general access to healthcare. In the past decade in France, 15% of small maternity units have closed. Over the past two decades, the number of doctors and nurses per capita has increased substantially in most EU countries. However, the workforce is ageing and interest in health careers among young people is declining due to low salaries and poor working conditions.

European Commission gives fiscal verdicts for member states
European Commission gives fiscal verdicts for member states

Euronews

time2 hours ago

  • Euronews

European Commission gives fiscal verdicts for member states

The European Commission delivered its Spring Package on Wednesday, an economic update that feeds into its five-year plan to boost the EU's resilience and includes country-specific recommendations. While fiscal responsibility remains important, the Commission underlined a need to boost defence capabilities. This comes not only in the wake of Russia's invasion of Ukraine, but also increased hostility from Washington. US President Donald Trump has continually warned Europe that it needs to increase financial contributions to guarantee its own security. 'Amid rising security challenges, the national escape clause (NEC) under the Stability and Growth Pact is also drawn upon for the first time,' said the Commission. The NEC allows member states to temporarily exceed maximum growth rates of net expenditure to boost defence financing. A total of 16 countries asked the Commission to implement this mechanism, specifically: Belgium, Bulgaria, Croatia, Czechia, Denmark, Estonia, Finland, Germany, Greece, Hungary, Latvia, Lithuania, Poland, Portugal, Slovakia and Slovenia. Wednesday's Package also outlined country-specific recommendations to ensure that EU members are on track to boost their economic standing. 'Member States are encouraged to boost their competitiveness by closing the innovation gap, advancing decarbonisation in line with the Clean Industrial Deal, reducing excessive dependencies, increasing security and resilience, including by building up defence capabilities and promoting skills and quality jobs while ensuring social fairness,' said the Commission. While 12 member states are considered to be 'compliant' in terms of medium-term spending plans, the Commission flagged Cyprus, Ireland, Luxembourg and the Netherlands as countries that could overshoot fiscal limits. Portugal and Spain were considered to be 'broadly compliant'. The Commission noted that Austria, on the other hand, will face a formal procedure to bring its deficit back under control. Romania was another member state rebuked in the report. 'Romania's net expenditure growth is significantly above the ceiling set by its corrective path, posing clear risks to correcting its excessive deficit by 2030,' said the Commission. 'The Commission is therefore recommending that the Council adopt a decision that establishes Romania has not taken effective action.' Volvo Cars announced worldwide sales of 59,822 cars in May, which was a decrease of 12% compared with the same month in 2024. This was partly due to the company struggling with recently imposed US automotive tariffs. Electrified models — both plug-in hybrids and fully electric vehicles — made up 44% of all car sales in May. This was a fall from 66% in May 2024. While fully electric models made up 21% of all May sales, plug-in hybrid models accounted for 23%. The best-selling model in May was the XC60, which sold 19,408 units — a slight dip from the 20,507 units sold in the same month last year. The XC40/EX40 model took second place, with 14,892 units sold — an increase on May 2024's 13,640 units. The third best-selling model was the XC90 with 8,794 units sold in May 2025. By contrast, 9,072 units of this model were sold in May 2024. As of December 2024, Volvo Cars had about 42,600 full-time employees, with its head office based in Gothenburg, Sweden, and production plants across the US, Belgium and in China. Volvo Cars also recently announced that it would be slashing 3,000 jobs, as part of wide-ranging cost-cutting measures, which are expected to save the company about SEK 18 billion (€1.6bn). These layoffs will primarily affect office-based positions in Sweden, which make up around 15% of Volvo Cars' white collar workforce. Out of these 3,000 layoffs, around 1,000 will be consultant positions. Earlier in May, the company laid off 5% of its staff in its Ridgeland, South Carolina facility, which accounted for 125 roles. Volvo Cars said in a press release about the redundancies on its website: 'These structural changes are necessary for Volvo Cars to deliver on its long-term strategy, strengthening its foundations for profitable growth. 'Volvo Cars remains firm on its ambition of becoming a fully electric car company, as fully electric is the fastest growing market segment and Volvo Cars is a leader in this transition.' Back in 2021, the company revealed that all its models would be electric by the end of the decade. However, it has pushed back this goal, citing rising uncertainties due to electric vehicle (EV) tariffs in many markets. Apart from tariffs, slower European sales and the higher cost of materials have also affected several major car companies in Europe. Nissan, Ford, General Motors, Volkswagen, Tesla and Stellantis have all announced layoffs in the last few months, as car companies scramble to become more efficient and adaptive in the current uncertain economic environment.

How to survive a visit to the Oval Office - a guide for leaders
How to survive a visit to the Oval Office - a guide for leaders

Euronews

time2 hours ago

  • Euronews

How to survive a visit to the Oval Office - a guide for leaders

The infamous meeting of Donald Trump and Volodymyr Zelenskyy in February uptilted the diplomatic world. Leaders and their advisors across the globe are considering different options before visiting the Oval Office in Washington, DC. On February 28, Ukraine's president Zelenksyy had a heated argument with President Trump and Vice President JD Vance at the White House, ending with leaders raising their voices while confronting each other in an unprecedented diplomatic row in front of the television cameras. The meeting sent shockwaves across the world as diplomats attempted to work on different strategies for dealing with Trump, when it comes to bilateral meetings at the Oval Office. Now it's German Chancellor Friedrich Merz's turn for a moment in the Oval office, here are some options for him to consider when dealing with the US president. Primary advice for leaders is to bear in mind they will not have much private time with Trump: most of the discussions will be live on air, in front of the cameras. "The first thing is to be prepared for everything. I think one of the biggest challenges that we saw with President Zelenskyy was that no one in their wildest imagination could have imagined that Donald Trump would want to discuss very controversial national security issues with a rolling camera," Bruegel institute analyst Jacob Kirkegaard told Euronews. During their confrontation, Vance accused Zelenksyy of being disrespectful, while Trump reminded him he had no cards in the game. The meeting ended without signing the long-awaited mineral deal between the two sides. Another incident where the talks went south was Trump's meeting with South African President Cyril Ramaphosa in May, which saw the US president rolling suspect news footage while alleging white genocide in the country. Trump said people are fleeing the country because of violence against white farmers, played television videos and handed over a pile of newspaper articles to his counterpart. The claim was rejected by President Ramaphosa, who said the majority of victims of violence in the country are black, adding that there is no genocide in South Africa. President Ramaphosa did manage to hit back at Trump afterwards, when he lamented not having a plane to give Trump, a reference to Qatar's offer of a $400 million aeroplane to the US president. In May the US officially accepted a Boeing 747 airliner from Qatar to serve the famous Air Force One fleet of the president. The presence of cameras inevitably shift the nature of any diplomacy on display. "One of the characteristics of Donald Trump is that he's always unfiltered. He says whatever he thinks at the moment, for good or bad, right, and that obviously is not the way diplomacy between countries is normally conducted," said Kirkegaard. Mostly such conversations are kept well away from media scrutiny, according to Kirkegaard, who added: "Perhaps he feels that having a camera throws other leaders off balance." The next advice for those braving the Oval office is to shower Trump with gifts and gestures - such as that Qatari plane. The gift sparked debates and legal concerns in the US, but the Trump administration never backed down from accepting the gift. Brett Bruen, the president of the Global Situation Room and a former US diplomat told Euronews that European leaders should keep in mind that Trump is out for a prize, something that he can hold up. "It can be a flashy object and say, look, I got the biggest, the best deal, the substance doesn't really matter. Quite frankly, the strategy doesn't seem to matter very much. So this is ultimately like, how do you deal with a toddler? A toddler is constantly going to come back and say I want more, I want this new toy. Well, if I were advising European leaders, I would say have a bunch of small, shiny objects lined up and every time Trump comes and says, well, I want something else, you dole out that next shiny object to him," Bruen said. Bruegel's Kirkegaard agreed that Trump should sometimes be treated like a child. "I think you have to certainly deal with him, expecting a possible tantrum. He can be very unpredictable in a way that a child is. You clearly know he is a narcissist. So you have, if you want, to play to his ego," said Kirkegaard. Witness Prime Minister Keir Starmer in the Oval office handing the president a cartoon-sized invitation for a state visit to the UK from King Charles. "This is really special, this is unprecedented, this has never happened before," Starmer told Trump in an attempt to charm him. A strategy that can pay off, according to the expert. "Obviously, if you are the British Prime Minister, you know that Donald Trump likes the royal family, has a fondness of the UK in general, of course, you would want to exploit that. In the same way that, for instance, a former Japanese Prime Minister who was a pretty keen golfer exploited that with Donald Trump as well, who's well known for his fondness for golf," Kirkegaard said. After the disastrous Trump-Zelenskyy meeting back in February, many foreign dignitaries decided not see Trump. Asian leaders are particularly keen to avoid any nasty surprises that might spring from an encounter with the US president. Trump's temper might cause China to think twice about accepting a bilateral meeting between Trump and Xi Jinping anytime soon. "In the case of Asia, political cultures or systems have a low tolerance for the unexpected, which requires a certain formality around their political leaders. One example is China. There's no doubt that the possibility of a Xi Jinping-Trump meeting is close to zero, or probably is zero under these circumstances. Because there's simply no chance that the Chinese government will risk putting Xi Jinping in this position where something not scripted could happen. I think that applies similarly to many other Asian countries," Jacob Kirkegaard said. An exception to this rule is Japanese Prime Minister Ishiba, who had a fruitful meeting with Trump back in February, where they talked about a possible trade deal and more LNG transfer from the US to Japan. But the expert recalls that even those positive meetings will not bring results, questioning the necessity of those highly risky visits. "The reality is that there has been no breakthrough on trade deals with Japan. So the question is, why would anybody want to come? Whatever Trump agrees to, maybe or maybe not, in a bilateral meeting in the White House, might be forgotten the next day," according to Kirkegaard. "Again, go back to what happened to Keir Starmer. He thought he had a trade agreement with Donald Trump that exempted British steel exports to the US. Well, clearly he didn't have that. So, you know, it's very much for, especially countries like that in Asia, it is very high risk and essentially maybe no reward," Kirkegaard said. Visits of President Macron and NATO Secretary General Mark Rutte went relatively well. In the case of Rutte this is because the US is main force in the alliance. "De facto Rutte works for Donald Trump, let's not forget that. He came, and he's basically done everything that the president would want him to do. They're working towards a 5% target for NATO defence expenditure for example," according to the Bruegel analyst. For Merz's visit on Thursday, the stakes are high. The Trump administration is highly critical of Germany. Vice President JD Vance and Elon Musk supported the far-right Alternative für Deutschland in the German election campaign, and accused Germany of suppressing free speech. And Trump is also critical of the record German trade surplus. So far its not clear which attitude Merz will take towards Trump. But standing up to him might be popular in Germany. "If you're the German Chancellor, you go to the Oval Office and you hold your ground. You take a public confrontation with Donald Trump over issues, it might play well for Friedrich Merz domestically, to stand up to Donald Trump's bullying or perhaps refuting his fake news," said Kirkegaard. He said that when Macron interrupted Trump back in February, correcting the US president over European funding to Ukraine, it did him no political damage. And in the case of Zelenskyy, he even benefited domestically for not backing down. This could also be working on Friedrich Merz's mind. Competing narratives have emerged following a series of deadly incidents which reportedly took place in the vicinity of the US-Israeli backed Gaza Humanitarian Foundation's (GHF) food aid distribution sites in south-west Gaza. According to accounts from local Hamas-run authorities, as well as eyewitnesses and medical professionals, troops from the Israel Defence Forces (IDF) shot at and killed a number of Palestinians who were seeking to access the GHF sites in recent days. While shootings were reported near all three GHF hubs in southern Gaza, the heaviest occurred on Sunday and Tuesday at the Flag Roundabout, which is situated on a designated access route to a hub in the Tel al-Sultan district of Rafah. The UN has called for an independent investigation into the incidents, reminding Israel that it is required to facilitate humanitarian aid under international law. EuroVerify takes a look at the facts in order to build up a timeline of what we know. On Sunday, 31 Palestinians were reportedly killed by IDF shots as they attempted to access GHF distribution sites, said local Hamas-run authorities. To reach the GHF's sites in Rafah, Palestinians must walk for kilometres along a designated route, which the GHF says the Israeli military keeps secure. In statements to the public, the GHF has warned that people should stay on the road, stating that leaving it "represents a great danger." Before dawn on Sunday, thousands of Palestinians massed at the Flag Roundabout, approximately one kilometre northwest of GHF's site. By 3am, thousands had gathered and according to Palestinian witnesses, it is around this time that Israeli troops started firing at the crowd with guns, tanks and drones. NGO Médecins sans Frontières has stated that patients — who said they had been shot by Israeli forces near GHF distribution sites — began to stream into Khan Younis' Nasser hospital on Sunday morning. Another international organisation, the International Committee of the Red Cross (ICRC), declared that on Sunday, 179 adults and children bearing shrapnel and gunshot wounds arrived at the organisation's field hospital in Rafah. According to the ICRC, its medical teams declared 21 individuals dead upon arrival. Israel has denied allegations its forces opened fire on locals queuing for aid in Rafah. On Sunday the IDF branded such reports "false" in a post shared on X, stating that an initial inquiry found that its forces "did not fire at civilians while they were near or within the humanitarian aid distribution site." The GHF told EuroVerify that no incidents occurred at or in the surrounding vicinity of their distribution site on Sunday, adding that there were "no injuries, no fatalities." On Tuesday, Gaza's health ministry said Israeli forces had shot and killed at least 27 people near the GHF distribution centre. Civilians were fired at by tanks, drones and helicopters near the Flag Roundabout close to the distribution hub. Israel denies that such an incident happened and claims that it only fired warning shots at people it suspected were deviating from designated access routes to the GHF centre. "The troops carried out warning fire and after the suspects failed to retreat, additional shots were directed near individual suspects who advanced toward the troops," the IDF said in a post on X. It added that it was aware of reported casualties and that it was investigating the incident. "IDF troops are not preventing the arrival of Gazan civilians to the humanitarian aid distribution sites," the IDF said. "The warning shots were fired approximately half a kilometre away from the humanitarian aid distribution site toward several suspects who advanced toward the troops in such a way that posed a threat to them." The GHF itself said that the distribution of food was carried out without any issues within its perimeter and that it was aware of the Israeli investigation into the reported injured civilians. On Wednesday, the GHF said it had paused aid distribution and discussing measures to improve civilian safety with the Israeli military, including changes to traffic management and troop training. The body began distributing aid on 26 May, after a three-month Israeli blockade on aid entering Gaza pushed the population of more than 2 million to the brink of famine. The GHF system limits food distribution to hubs guarded by armed contractors. Of the three hubs that are open, one is in central Gaza and two are in the far south on the outskirts of the mostly uninhabited southern city of Rafah. Israel's ban on international media access to Gaza — which means that journalists must partake in an organised army press tour to enter the territory — has fuelled online speculation and renders independent on the ground verification a major challenge.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store