"There will be more deals to come. Three deals look basically done," Hassett said in an interview with  Fox Business  on May 29. He revealed that last weekend, three deals were ready to be presented to President Trump for review.

He also dismissed concerns about  the May 28 ruling  by the Court of International Trade (CIT), which found that President Trump had exceeded his powers in imposing tariffs. Therefore, the court blocked most of the import duties that Mr. Trump imposed on trading partners.

Hassett said he was confident the U.S. government would win its appeal. He also said the ruling was “just a minor hiccup” and “certainly won’t affect the negotiations.” Hassett said he believes more countries will open their markets to U.S. products in the next month or two.

Since taking office, President Trump has imposed import tariffs on all of America's trading partners. Most economies are subject to a common tax of 10%. Canada, Mexico, and China are subject to a tax of 10-30%. He also imposed a separate 25% tax on aluminum, steel, cars, and car parts imported into the country, while threatening to impose more on many products such as computer chips, wood, pharmaceuticals, etc.

Mr. Trump’s trade policy has shaken the world’s financial markets for many days. On April 9, he decided to postpone the imposition of reciprocal tariffs for 90 days, to give countries time to negotiate trade agreements with the US. Currently, this country has announced agreements with the UK and China.

(Source: Vnexpress)

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