Overview

• The Trump administration has received 18 formal trade proposals from countries seeking agreements with the United States.
• Negotiations are underway this week with representatives from 34 nations as part of a broad trade initiative.
• The U.S. and India have established terms of reference to guide future trade negotiations, marking a key step toward a bilateral agreement.
• President Trump expressed confidence in the progress of trade discussions with China, though formal talks have yet to begin.
• Treasury Secretary Scott Bessent anticipates a de-escalation of the U.S.-China tariff standoff, citing its unsustainability for both economies.