Overview

• President Trump expects a trade agreement with China to be finalized within three to four weeks, with frequent communication between the two nations reported.
• Negotiations with the UK are projected to conclude within two to three weeks, according to a White House official.
• Trump declined to confirm whether he has directly spoken with Chinese President Xi Jinping, emphasizing the importance of ongoing diplomatic efforts.
• The White House is actively considering over 15 trade proposals from more than 75 countries, highlighting the administration's broad negotiation agenda.
• The tariff war with China, featuring duties as high as 145%, continues to impact global markets, though Trump hinted at a potential pause in further tariff escalations.