Where Trump's trade talks with China, Canada, Great Britain and others stand

President Donald Trump has no time to take trade agreements before the 90-day break in his so-called “mutual tariffs”.

Trump said this week that he was not in a hurry.

“Everyone says: 'When, when, when will you sign shops?' We don't have to sign any offers. Howard Lutnick Like Canadian Prime Minister Mark Carney, sitting nearby.

“We don't have to sign shops. You have to sign business with us,” said Trump. “You want a piece of our market. We don't want a piece of your market, we don't take care of your market.”

On Thursday, Trump then announced a trade agreement with Great Britain. “This will increase the trade between and in our countries,” said British Prime Minister Keir Starrer at the time. Finance Minister Scott Bessent is in Switzerland for trade talks with China.

Wall Street continues to hang on every word.

After the British trade agreement had been announced, Jamie Dimon, CEO of JPmorgan Chase, told Fox 11 Los Angeles that Trump's tariff approach was initially “too aggressive”, the need to tackle unfair trading policy.

“In principle, these are deals … a real trade agreement would be 10 or 20,000 pages long,” he said. “But every progress is good.”

We know the following about where the discussions for big US partners are.

China

The USA and China cannot even agree on who initiated the discussions. However, it is a significant progress that the two largest economies in the world are talking about.

Bessent said that a contract with China is more complex, so the Trump government regards it as separate from discussions with other nations.

Beijing has boasted to endure a lengthy commercial struggle. And while Trump said that there were discussions, Beijing played it.

However, a breakthrough could come.

Bessent and the American trade representative Jamieson Greer traveled to Switzerland with He Lifeng, China's top business officer. The talks between the two countries started on Saturday.

In April, Trump imposed a tariff of 145% to Chinese goods, whereby the trade dispute escalated. On Friday, however, he said that 80% would be a reasonable delivery.

The talks will take place in the same city as the headquarters of the world trade organization. Trump has long complained about China's admission from 2001 into the WTO.

Canada

Trump recently met with the newly elected Carney in the Oval Office.

The economist and former governor of the Bank of England announced reporters that Canadian officials themselves and Trump planned further trade discussions “in the coming weeks”.

During a public part of their Oval Office meeting, Trump and Carney both said that changes to the agreement between the USA and Mexico Canada had to be made, with Trump's first-time rewriting of the North American free trade agreement.

In the meantime, the United States continues to set a tariff of 25% to non-USMCA-compliant Canadian goods and a 10% tariff on energy imported from Canada. Additional US tariffs for automobiles, steel and aluminum also apply to Canadian goods.

Canada was renovated by imposing a tariff of 25% on US goods, including steel, aluminum and agricultural goods.

United Kingdom

In the trade agreement between Great Britain and the USA, Trump will reverse the tariffs to British steel and automobiles

British steel and aluminum are not exposed to 25% tariffs imposed in the USA. The tariffs for British cars imported into the USA are reduced from 27.5% to 10% for the first 100,000 vehicles.

US farmers also have more access to British markets.

The White House said that the deal was an “opportunity for new exports for US farmers, cattle breeders and producers”.

Trumps 10% tariff – still in force for most countries – will exist for Great Britain.

India

Vice President JD Vance said on May 1st that a US India trade agreement would be “among the first shops” that the administration would reach.

“Pretty soon,” Vance told Fox News Anchor Bret Baier.

Vance traveled to India for four days in April and spent a lot of time with the Indian Prime Minister Narendra Modi.

Trump announced a tariff of 27% of Indian goods in the White House as part of his “Freedom Day” festival. His 90-day break to these tariffs ends on July 9th.

As a big buyer of Venezuelan oil, India could also be exposed to additional US tariffs.

Vietnam

Vietnam's Top -Trade -negotiator Nguyen Hong Dien urged his country to be “proactive” on May 7 to do more business with the USA.

According to a Bloomberg News Report, Greer duty said during a meeting in March in Washington that Vietnam had to do more to reduce the US trade deficit. In 2024, the US deficit was 123.5 billion US dollars, an increase of 18% compared to the previous year.

Trump imposed Vietnam a tariff of 46% as part of his announcement of the “liberation day”-is also subject to the 90-day break.

European Union

The European trade commissioner Maros Sefcovic said on May 6th that the European Union would publish further details on potential countermeasures that should fail talks with Trump.

“Negotiations are clearly the top priority, but not at all costs,” Sefcovic told reporters, via NBC News.

In April the Italian Prime Minister Giorgia Meloni was the first European leader to visit Washington after Trump drilled the global markets with his “liberation day” tariffs. At that time, both you and Trump spoke positively about a potential business.

Elon Musk, CEO of Tesla, said in April, he hoped to see a “free trade zone” between the USA and Europe.

Japan

Trump said on April 30 that he had “potential business” with Japan, India and South Korea.

Ryosei Akazawa, Japan's chief negotiator, informed the reporters a few days later that he and his American colleagues had “concrete discussions”.

“There are still many problems that have to be tackled and solved before a final agreement can be reached,” said Akazawa.

Trump imposed a 24% tariff on Japanese goods before announcing his 90-day break.

South Korea

South Korea sent representatives to the USA early on, but it is unlikely that it is one of the first countries to complete a deal.

This is because South Korea holds snap elections on June 3. A high -ranking government official previously said Reuters that no deal would come before the election.