[CC may contain inaccuracies] Sending letters out on Monday. Having to do with the trade deals could be 12, maybe 15. You know, secretary of commerce right here.And I guess, Howard, I would say it could be maybe as many as 15 or so. And they'll be going out on Monday and some will go out on Tuesday and Wednesday. And it'll and we've we've made deals also.So we're going to have a combination of letters. And some deals have been made. President Trump on the latest tariff negotiations as nations are now scramb ...

What about other trade deals, Mr. . Secretary. Because we're we're getting close to that July 9th deadline on Wednesday.Are we going to see more of these type of deals between now and then. Uh, we are. Of course, everyone waits till the last minute.They think that they can get the best deal. And as as I've warned when I've done other media, these countries should be careful because that their rate could boomerang back to their April 2nd rate. On that note, Mr.. Secretary EU Commission and Chief Ursula Vando ...

Donald Trump’s tariff pause is set to end on July 9, with few deals locked in and scant progress in negotiations. Yet the stock market that once swung wildly on trade headlines appears to see little risk https://t.co/AHe7PVlZNE ...

Tax and Spending Bill - The administration aims to pass the tax and spending bill, potentially leading to significant economic changes [1][2] - The Congressional Budget Office (CBO) estimates the Senate bill will increase the deficit by $33 trillion (3300 billion) from 2025 to 2034, a figure the National Economic Council Director disagrees with [3][4] - The administration projects that achieving 3% growth, instead of 18% (1.8%), would add $4 trillion to revenue, potentially making the bill a deficit reducer [4] - The administration plans to send discretionary spending cuts to the Senate, potentially amounting to $160 billion this year [5] Economic Growth and Impact - The administration believes the bill relies on the economy moving up to 3% growth, driven by factors like no tax on overtime for 90 million American hourly workers [6][7] - The Council of Economic Advisers projects the bill will increase income for the typical American family by $10000 [8] Energy Policy - The administration supports an "all of the above" approach to energy production, including coal, natural gas, oil, and nuclear, to support AI and other sectors [10][11] - The administration prioritizes grid security, suggesting that solar and wind energy must pass a market test and not compromise grid reliability [15] Trade and International Tax - The administration expects digital services taxes around the world to be removed as part of ongoing trade negotiations [20] - The G7 countries have agreed not to have the so-called pillar 2 tax (global minimum tax) [21] - The administration has double-digit trade deals with frameworks nearly agreed to, with potential tariff rate adjustments to be determined [23]

Inflation & Economic Policy - The administration believes its policies are driving down inflation by boosting the economy's supply side, enabling firms to produce more efficiently [1][2] - Concerns exist that companies may hesitate to pass on tariff-related costs due to fears of reduced consumer demand, potentially impacting economic growth and bottom lines [3] - The theory of tax incentives suggests the more inflexible party bears the tariff burden, with American consumers potentially changing consumption patterns [4][5] Trade & Tariffs - Firms can adjust supply chains, sourcing from countries with favorable trade deals, to avoid tariffs [6][7] - Tariffs aim to encourage countries to lower barriers to US products, creating more balanced trade and offering alternative markets [21] - Reciprocal tariffs remain a negotiating tool, potentially implemented if trade negotiations don't progress [19][22] - The president intends to use tariffs to incentivize countries to advance negotiations and make concessions, fostering a fair trade environment [24] Fiscal Policy & Deficit - The administration asserts it takes the deficit seriously and has a plan to reduce it through tax relief, deregulation, energy abundance, and trade renegotiation, aiming for 3% GDP growth [12][13] - Increased GDP growth, tariff revenues, and supply-side expansion are expected to contribute to deficit reduction [13] - Incentives like full expensing of equipment, R&D, and new factories are designed to stimulate investment in America, expanding productive capacity and keeping inflation low [8][9][10] - The administration anticipates deficit reduction through better economic growth, tariff revenue, reduced interest expenses, and cuts to waste, fraud, and abuse [16] - The administration projects 3 to 4 percentage points of GDP worth of deficit reduction, not fully reflected in the CBO score [15]

Group 1: Meeting Overview - The CEOs of Walmart and Target met with President Trump to discuss trade negotiations and the impact of tariffs on imported products [1][2] - Walmart CEO Doug McMillon described the meeting as "productive" and highlighted discussions on tariffs and their effects on the retail industry [2][3] - Target CEO Brian Cornell also found the meeting productive, focusing on a "path forward on trade" [5] Group 2: Trade Negotiations and Tariffs - Trump is negotiating with 75 countries for bilateral trade deals during a 90-day pause on his tariff plan, with 15 countries currently in active negotiations [8] - All nations that have not retaliated against the U.S. will face a 10% tariff, while tariffs on Chinese imports have been increased to 145%, leading to a 125% duty on American goods from China [9] Group 3: Industry Impact - The National Retail Federation warns that Trump's tariffs would drive up consumer prices, indicating potential challenges for the retail sector [8] - Home Depot CEO Ted Decker attended the meeting, while Lowe's CEO Marvin Ellison was absent, suggesting varying levels of engagement among major retailers [7]