White House economic advisor: 15 countries have submitted tariff agreement proposals. Canadian Prime Minister: Trump's announcement to suspend reciprocal tariffs is "a breath of fresh air".
On April 9, US President Trump suddenly announced the suspension of the implementation of some reciprocal tariffs and said that more than 75 countries had expressed their willingness to negotiate with the United States. On Thursday, April 10, White House chief economic advisor Kudlow revealed that the United States was seriously considering tariff agreement proposals from 15 countries and was close to reaching agreements with some countries.
Reuters reported that Kevin Hassett said on Thursday at the White House briefing that the Office of the United States Trade Representative (USTR) has received about 15 clear proposals, and the government is studying these contents to "judge whether they are good enough to be submitted to the president for decision". He also said that a meeting will later be held by senior trade policy officials at the White House to discuss relevant matters, and major progress is expected in trade agreements within the next 3 to 4 weeks.
Hassett also emphasized in an interview with financial media CNBC earlier that there are already "a large number of agreements nearing completion", and confirmed that the 10% general tariff floor rate implemented by the Trump administration came into effect last Saturday and will "remain unchanged in principle". Hassett said that the United States must "apply sufficient pressure on trading partners" to encourage manufacturing to return to the U.S. mainland.
Canadian Prime Minister Carney said on Thursday that Trump's announcement to suspend reciprocal tariffs is "a breath of fresh air". He confirmed that Canada and the United States will resume negotiations after the Canadian federal election on April 28.
Source: rfi
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