Overview

• President Trump expects trade agreements with China and the United Kingdom to be finalized within three to four weeks, citing ongoing discussions.
• Chinese officials have reportedly reached out frequently to U.S. counterparts following the imposition of 145% tariffs on Chinese imports.
• The White House is actively managing over 15 trade proposals, with a 90-day pause on tariffs for all countries except China to encourage deal-making.
• China has rejected the U.S.'s tariff demands, calling them a 'meaningless numbers game,' and maintains retaliatory tariffs of up to 125%.
• Internal divisions within the Trump administration have emerged, with Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick securing a tariff pause against the objections of hardliner Peter Navarro.