Trump Administration to 'Set Prices' in Trade Deals if Necessary

Trade Deal Strategy

• 🎯 The Trump administration is making progress on trade deals, with a successful bilateral meeting held with the Republic of South Korea.
• 💡 Discussions on technical terms for an agreement with South Korea could begin as early as next week.
• 🔑 If countries do not engage in negotiations, the administration is prepared to "just set prices" for trade deals.
• ⚠️ This approach is considered necessary because detailed negotiations with every country are deemed "physically impossible" due to the complexity and the small group of experts involved.

Tariff and Fairness in Trade

• 📈 Some deals will involve tariffs, with rates potentially set higher for countries that have treated the U.S. unfairly.
• 💰 The underlying sentiment is that the U.S. has been "ripped off" in past trade agreements.