The Trump administration is reportedly nearing several new trade agreements, according to FOX News correspondent Charles Gasparino. Citing sources within Wall Street and the White House, Gasparino said deals with Japan, South Korea, and Vietnam are progressing and could be announced soon.
These trade developments come as President Donald Trump’s three-month deadline for reciprocal tariffs approaches. Announced during his “liberation day” speech in early April, the tariffs were aimed at pressuring major trading partners to negotiate new deals with the U.S. While the U.K. has already secured a finalized agreement, and China has reached a temporary arrangement, other deals remain in flux.
Notably absent from the list is India, which was once seen as a likely trade partner. However, a brief military conflict with Pakistan reportedly derailed the talks. Although a U.S.-India trade agreement could still resurface in the future, it is no longer considered imminent.
Japan and South Korea have been in active discussions with Washington, but negotiations have faced challenges. Japan has consistently demanded full exemption from U.S. tariffs—a sticking point that has slowed progress. Nonetheless, sources suggest that the administration is optimistic about securing agreements before the tariff deadline.
The push for multiple trade deals reflects Trump’s broader strategy to rebalance global trade in favor of the United States. With tensions still high over tariffs and trade imbalances, the potential announcements could signal a significant shift in U.S. economic diplomacy in Asia.
As the deadline draws near, markets and policymakers are watching closely for official confirmation of the pending agreements. If finalized, these deals could reshape trade relations between the U.S. and key Asian economies.