U.S. Treasury Official: Multiple Trade Agreements Likely Before July 9

On Monday, June 3 (Eastern Time), U.S. Deputy Secretary of the Treasury Michael Faulkender stated that the Trump administration has made significant progress in trade negotiations and is nearing completion on several agreements.

“As long as we continue to make progress, I believe additional agreements will be announced before July 9,” Faulkender noted.

On April 2, referred to by Trump as “Liberation Day,” the administration announced broad reciprocal tariffs on a global scale, triggering considerable response in international trade markets. Subsequently, on April 9, the U.S. suspended the implementation of these tariffs for the majority of its trading partners, initiating a 90-day grace period and deferring their enforcement until July 9.

At that time, the administration expressed its goal of concluding “90 agreements in 90 days.” However, nearly two months later, only the agreement with the United Kingdom has been officially announced.

Despite this, Faulkender emphasized that the administration does not intend to extend the suspension period. He stated that the White House aims to conclude as many negotiations as possible before the deadline, recognizing that such talks “can be complex.”

Faulkender further remarked that the administration hopes to finalize agreement terms before the suspension ends. “As long as our partners demonstrate goodwill and continue moving the discussions forward, we will proceed toward finalizing and announcing these agreements,” he said.

He added that the administration intends to deliver timely outcomes to benefit both the public and financial markets. According to Faulkender, U.S. negotiators have made “very good progress” with several countries, and the results of these efforts are expected soon.