The White House is reportedly holding negotiations across the globe as countries like Vietnam and Taiwan signal renewed interest in lowering tariffs, while the European Union prepares retaliatory measures.
On Friday, President Donald Trump stated he had “a very productive call with To Lam, General Secretary of the Communist Party of Vietnam, who told me that Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the US.”
Trump emphasized his gratitude on behalf of the country and hinted at a potential in-person meeting in the near future.
Taiwan’s President Lai Ching-te also pledged to eliminate barriers rather than imposing reciprocal tariffs, announcing plans to offer “zero tariffs as the basis for talks” and promising additional Taiwanese investments in the US economy.
Back in Washington, National Economic Council Director Kevin Hassett claimed that “more than 50 countries have reached out to the president to begin a negotiation,” but details are scarce on these nations and the level of the trade deal offered on the table.
Nevertheless, uncertainty looms despite these overtures. Treasury Secretary Scott Bessent gave “no indication” that Trump was willing to relent on the recently introduced tariffs, insisting that tougher measures are necessary.
Meanwhile, the European Commission plans to unveil a list of American goods that could face new duties—valued at around $28 billion—underscoring the severity of trade tensions. According to European officials, these items may include meat, wine, lumber, clothing, and everyday consumer products.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
The Grocery Grift: Why Toronto and New York Are About to Light Taxpayer Money on Fire