Trade Deals Near, Tariffs May Reshape Markets | JQJO

The Trump administration is nearing completion of several trade deals with Japan, South Korea, and Vietnam, potentially easing tariff tensions before July 9th, when a tariff pause expires. While an India deal is delayed, progress is being made on frameworks, not final agreements. A deal with Japan is considered most promising, linked to a US Steel acquisition. The Vietnam deal could shift US businesses from China, and the South Korea deal is progressing. These frameworks aim to reduce tariffs below Trump's initial levels, offering clarity to businesses but potentially sparking inflation concerns if costs are passed on to consumers. The Fed is watching closely before considering interest rate cuts, and negotiations with China and the EU remain ongoing.