June 30, 2025, 11:00 AM (Updated June 30, 2025) | Translated by Lü Xuanhuai
US President Donald Trump. (Trump's Facebook)
With Trump's tariff deadline approaching, Taiwan has been added to the list of hot zones for trade negotiations.
With less than 10 days remaining until the July 9th deadline set by former US President Trump for tariff exemptions, delegations from multiple countries are rushing to Washington for negotiations. According to Bloomberg, the White House may reach tariff agreements with several countries, including Taiwan and Indonesia, with Vietnam and South Korea also mentioned as potential candidates.
The Trump administration had pledged to push for global trade reforms during the three-month tariff moratorium, but with the deadline fast approaching, doubts remain about whether it can fully deliver on its promises. A senior Trump advisor indicated that agreements with more than a dozen trading partners are expected to be finalized by July 9th, but these may only be preliminary frameworks, with many details to be negotiated later.
Duke University professor Meyer, who specializes in international trade, believes that while the agreement the White House is about to announce can be called a "trade agreement," it doesn't quite meet the general understanding of the term. Treasury Secretary Bessant also pointed out that if countries demonstrate sincerity in negotiations, even without an agreement, high tariffs may not be immediately reinstated.
However, Trump himself maintained a tough stance, reiterating that he could reinstate the 25% tariff at any time and suspending digital tax negotiations with Canada, further pressuring major trading partners. Commerce Secretary Lutnick, on the other hand, was optimistic, stating that he would complete the "Top Ten Deals" with several major economies by July, creating a demonstration effect and attracting other countries to follow suit.
The White House's final stance remains unclear, and whether countries can reach an agreement before the deadline will determine the future direction of the global trade landscape.
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