White House on Trade: 15+ Deals Under Negotiation, China's Court

Trade Deal Progress

• 🎯 White House Press Secretary Caroline Levit announced that more than 15 trade deals have been put forward by countries and are currently under negotiation.
• 🌍 Over 75 countries have reached out regarding potential trade agreements.
• 🤝 The administration anticipates announcing some of these deals "very soon" and the President wants to personally approve each one.

Stance on China Trade Negotiations

• 🗣️ President Trump's direct quote states, "The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them."
• 💰 It's highlighted that China needs the American consumer and "our money."
• 🇺🇸 The President is open to a deal with China, but emphasizes that China must want to make a deal with the US.
• 🚫 It's noted that the leaders of the US and China have not yet spoken amidst the ongoing tariff war.

Corporate Tax Rate Discussion

• 💼 Regarding the corporate tax rate, Caroline Levit was non-committal when asked about raising it to fund other tax cuts.
• 🤔 She acknowledged seeing the proposal but stated the President has not yet made a determination on whether he would support it.
• 🚪 The door is left open for the possibility of the corporate tax rate increasing as tax negotiations continue.