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29 Jul 2025
Lutnick: Deals are on the table for Trump to consider
US Commerce chief Howard Lutnick stated on Tuesday that President Trump is set to make his trade deal decisions this week, despite ongoing negotiations with China and the European Union, ahead of the August 1 deadline.
Key Quotes
On pharmaceuticals:
- The plan coming in two weeks is going to be higher.
On EU trade:
- Expect to continue talks.
- Digital services will be on the table.
- Steel and aluminium are also still on the table.
- Trump accepts that natural resources won't face tariffs.
On trade:
- Deals are on the table for Trump to consider, but he can just set the price.
- We're going to have things done by Friday.
- Need completely open markets.
On India trade:
- Trump decides if he wants to do a deal or not.