Overview

• Director Kevin Hassett said the White House is “very, very close” to several trade deals and will unveil them after the ‘Big, Beautiful’ bill clears Congress
• So far only agreements with China and the United Kingdom have been finalized, despite the administration’s initial goal of 90 deals in 90 days
• The the U.S. TradeU.S. Trade Representative has sent partners letters reminding them that the tariff reprieve ends on July 9 if revised terms are not reached
• Treasury Department figures show $6.1 billion in tariff revenues for June, averaging $305 million per day
• A House provision known as Section 899 would levy a 20% tax on foreign investors from countries deemed to discriminate against U.S. firms