The Trump administration has given trading partners until Wednesday to submit their strongest trade proposals as it races to finalize deals before a July 8 deadline, according to Reuters. The request was outlined in a draft letter from the United States Trade Representative and asks countries to include tariff and quota offers on U.S. goods, digital trade commitments, and non-tariff barrier fixes. Trump paused sweeping “Liberation Day” tariffs in April after market backlash, but the letter warns that tariffs will resume under alternate legal authorities if needed. Washington is actively negotiating trade deals with the European Union, Japan, Vietnam, India, and others. So far, only Britain has reached an agreement, but it is a limited framework rather than a finalized deal. An appeals court has temporarily stayed a ruling that found Trump exceeded his authority under the International Emergency Economic Powers Act.
