Trade Negotiation Strategy - The US president aims for completely open markets in trade deals, rejecting initial offers and pushing for higher levels of market access [1] - The US president seeks to rectify what he views as unfair and asymmetric trade practices of the past 80 years, prioritizing the ability of Americans to sell goods overseas [2] - The US president sets the terms and conditions for trade agreements, indicating a unilateral approach to negotiations [2] International Trade Relations - Other countries initially offered market access concessions, such as 50% or 30%, which were deemed insufficient by the US president [1] - Some countries have been slow to meet the US president's expectations regarding trade openness [3] - The US president's approach has significantly impacted the global trade landscape within a short timeframe of six months [4] Decision-Making Process - The US president ultimately decides whether to pursue trade deals with individual countries like India, based on the offers presented [3]
Commerce Secretary Lutnick on trade deal negotiations
CNBC Televisionยท2025-07-29 16:30