Benson expects that the United States will reach several large trade deals within a few weeks, and negotiations between China and the United States will resume.

US Treasury Secretary Steven Mnuchin said that the US government may announce "several major" trade agreements in the coming weeks. "These agreements are progressing very quickly, and I believe that as the 90-day pause period nears its end, we will see more and more agreements being announced," Mnuchin said. "Many Asian countries have proposed very good conditions." Mnuchin stated that most US trading partners have been negotiating "very sincerely", but the EU is an exception. Earlier that day, President Trump threatened to impose a 50% tariff on EU goods starting June 1 if negotiations with the EU continue to be unsuccessful. Trump said, "We are getting nowhere with their negotiations."