White House Press Secretary on Trade Deal Deadline and Foreign Leaders' Outreach

Trade Deal Deadline and Reciprocal Rates

• 🗓️ The reciprocal tariff rates are set to take effect on August 1st, impacting countries like Japan and South Korea.
• 🎯 The administration has been negotiating bespoke trade deals with major trading partners, aiming to address past trade imbalances.
• 🤝 Two-thirds of the US's 18 major trading partners already have a deal in place.
• ✉️ Countries without a deal, or those with outstanding issues, will receive communication from the administration by the midnight deadline tonight.

President's Negotiation Strategy

• ⚡ The President has a history of securing multiple trade deals in a single day, and it's not impossible for more to be finalized before the deadline.
• 📞 Foreign leaders are actively contacting the President, recognizing the significance of the upcoming deadline and bringing offers to the table.

Private Meetings

• 🔒 The Press Secretary declined to comment on the President's private meetings, including a scheduled meeting with David Solomon of Goldman Sachs, unless authorized to do so.