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The Wall Street Publication > Blog > Economy > Right here is each nation engaged on commerce offers with the US
Economy

Right here is each nation engaged on commerce offers with the US

Editorial Board Published April 7, 2025
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Right here is each nation engaged on commerce offers with the US
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Circle Squared Different Investments founder Jeff Sica analyzes the $70 trillion actual property market as rates of interest decline on ‘Varney & Co.’

President Donald Trump’s administration says greater than 50 nations have reached out for financial negotiations within the wake of his sweeping “Liberation Day” tariffs, however just a few have publicly confirmed any talks.

Right here is each nation at present engaged on commerce offers with the U.S.

Israel

Israeli Prime Minister Benjamin Netanyahu is in Washington, D.C., on Monday to fulfill with Trump. Hashing out an financial deal is close to the highest of his precedence listing.

UK PRIME MINISTER TO ADMIT ‘GLOBALIZATION IS OVER’ IN RESPONSE TO TRUMP TARIFFS: REPORT

Israeli Prime Minister Benjamin Netanyahu is in Washington to fulfill with President Donald Trump on Monday. (Reuters)

“The recent implementation of tariff policy will also be discussed. Just as Prime Minister Netanyahu was the first world leader to visit President Trump in his second term in the White House, he is now once again the first leader to meet with the president with regard to deepening economic ties and putting trade relations in order,” he added.

Japan

Japanese Prime Minister Shigeru Ishiba made a last-ditch effort to keep away from auto tariffs from the U.S. final week, and he’s persevering with negotiations with the White Home.

Like Netanyahu, he has stated he’s keen to fly to the U.S. to make a deal.

HERE’S A CLOSER LOOK AT TRUMP’S TARIFF PLAN: WHAT TO KNOW ABOUT THE NEW DUTIES

United Kingdom

Britain was hit with a ten% tariff, the least extreme tier of Trump’s wider tariff plan. However, U.Ok. leaders say they hope to safe a carve-out within the coming weeks, however they stated the comparatively low tariff stage was already proof of some success.

Enterprise minister Jonathan Reynolds says negotiations are ongoing, telling reporters that it’s “not inaccurate” that the 2 sides have agreed to a deal.

“We’ve got to keep this work going,” he stated

View towards the Houses of Parliament, the Palace of Westminster and clock tower aka Big Ben on 12th June 2024 in London, United Kingdom.

The Homes of Parliament are seen in London, United Kingdom. (Mike Kemp/In Photos by way of Getty Photos)

Vietnam

The U.S. hit Vietnam with an enormous 90% tariff, and Trump introduced on Friday that he had already spoken to the nation’s chief, To Lam.

Trump stated Lam has supplied to fully eradicate all tariffs in a cope with the U.S., although no formal settlement has been made.

“Just had a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. I thanked him on behalf of our Country, and said I look forward to a meeting in the near future,” Trump wrote on social media.

AFTER TRUMP TARIFFS, JP MORGAN RAISES CHANCE OF RECESSION TO 60%

Cambodia

Cambodia’s commerce ministry reached out to U.S. Commerce Consultant Jamieson Greer with a suggestion to chop tariffs on greater than a dozen classes of U.S. items from 35% to five% final week, the Wall Avenue Journal reported.

Trump’s announcement final week hit Cambodia with a 49% tariff.

Thailand

Thai Commerce Minister Pichai Naripthaphan confirmed to Reuters that he’s looking for negotiations with the U.S., although the nation’s authorities has not made a proper supply on tariff adjustments.

Pichai Naripthaphan, Thailand's commerce minister, during a panel session at the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2025. The annual Davos gathering of political leaders, top executives and celebrities runs from January 20 to 24. Photographer: Stefan Wermuth/Bloomberg via Getty Images

Pichai Naripthaphan, Thailand’s commerce minister, says he has excessive hopes for tariff negotiations with the U.S. (Stefan Wermuth/Bloomberg by way of Getty Photos / Getty Photos)

India

The White Home hit India with a 27% tariff, however India’s leaders should not contemplating retaliation, in accordance with a authorities official who spoke with Reuters.

As an alternative, India has knowledgeable the U.S. that it’s keen to chop tariffs on greater than half of U.S. imports, totaling some $23 billion, as a part of an preliminary deal.

MUSK SAYS HE HOPES FOR ‘ZERO TARIFFS,’ FREEDOM OF TRADE ZONE BETWEEN US AND EUROPE

South Korea

South Korea has but to formally kick off talks with the U.S., however performing President Han Duck-soo referred to as for these negotiations to start on Thursday, simply sooner or later after Trump’s tariffs went into impact.

Australia

Australia’s Liberal Celebration chief Peter Dutton referred to as for fast negotiations with the U.S. final week, saying Australia may hope for deal because of its entry to vital minerals and its shut protection relationship with the U.S. within the Indo-Pacific, Reuters reported.

Trump tariffs

President Donald Trump slapped huge tariffs on nearly each U.S. buying and selling accomplice final week. (BRENDAN SMIALOWSKI/AFP by way of Getty Photos / Getty Photos)

Argentina

Argentina is among the few nations to have already met with the White Home concerning a tariff deal. Argentine Overseas Minister Gerardo Werthein stated he met with U.S. commerce negotiator Jamieson Greer and Secretary of Commerce Howard Lutnick on Thursday in Washington.

He stated he was hopeful that they might quickly come to a suitable free commerce settlement.

HERE’S WHAT TRUMP IS REALLY UP TO WITH HIGH-STAKES TARIFF GAMBIT

Canada

Canadian Prime Minister Mark Carney spoke with Trump personally in March earlier than the tariffs launched. They agreed that the U.S. and Canada would negotiate an financial deal after the Canadian elections happen on April 28, in accordance with Politico.

“On my first day on the job as prime minister, I will call the president and demand that we rapidly renegotiate the CUSMA agreement on a very tight timeline that will allow us to find certainty,” Carney’s Conservative opponent Pierre Poilievre stated Thursday.

President Trump and Mark Carney

Trump and Justin Trudeau’s successor, Mark Carney, of Canada.  (Getty Photos / Getty Photos)

Mexico

Mexican President Claudia Sheinbaum confirmed final week that her financial minister could be touring to Washington in early April to carry tariff negotiations.

She stated her administration was notably within the auto, metal and aluminum industries, in accordance with CNN.

Switzerland

Swiss President Karin Keller-Sutter stated on Thursday that her nation plans to hunt commerce talks with Washington and that her authorities has no plans to retaliate with its personal tariffs within the meantime.

She did seem exasperated by Trump’s tariff announcement, nonetheless, saying, “The U.S.A. has relied on its own calculations, which Switzerland cannot comprehend.”

HOW WE GOT TO LIBERATION DAY: A LOOK AT TRUMP’S PAST COMMENTS ON TARIFFS

Malaysia

Malaysian leaders have additionally confirmed that they won’t retaliate in opposition to Trump’s tariffs. The nation’s commerce ministry stated it’s trying to actively interact with the U.S. “to seek solutions that will uphold the spirit of free and fair trade,” Reuters reported.

European Union

European Fee President Ursula von der Leyen lamented Trump’s tariffs as a blow to Europe’s longstanding relationship with the U.S.

She additionally stated that the E.U. was ready to impose countermeasures in opposition to the tariffs, however that they might not be applied till there was an opportunity for negotiations with the U.S.

European Commission President Ursula von der Leyen stands in front of the European Union flag, her head wreathed in its stars.

European Fee President Ursula von der Leyen says Europe will impose countermeasures on U.S. tariffs if negotiations with Washington fail. (AP Photograph/Jean-Francois Badias / AP Photos)

CLICK HERE TO READ MORE ON FOX BUSINESS

Indonesia

Trump’s administration smacked Indonesia with a 32% tariff final week, and President Prabowo Subianto has already dispatched a delegation to Washington for negotiations earlier than the tariffs take impact on Wednesday.

Reuters and the Related Press contributed to this report.

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