Core Viewpoint - The U.S. Treasury Secretary indicated that the Trump administration is willing to extend the 90-day tariff suspension on major trade partners beyond July 9, provided they show "good faith" in ongoing trade negotiations [1][3]. Group 1: Trade Negotiations - The Trump administration is currently negotiating with 18 "important trade partners" and is making efforts to reach agreements with these countries [1]. - The willingness to extend the tariff suspension suggests a potential shift in the administration's approach as the deadline approaches [3]. - The initial 90-day tariff suspension was announced on April 9, and the administration has indicated that agreements with six countries are imminent [3]. Group 2: Market Reactions and Historical Context - The administration's previous actions, such as imposing tariffs on over 70 countries, have led to significant market volatility, with a notable shift from imposing tariffs to suspending them [4]. - The term "TACO trade," which stands for "Trump Always Cancels Orders," has emerged in Wall Street to mock the administration's inconsistent trade strategies [4]. - Despite claims of reaching 90 agreements, most negotiations remain stalled, with only a temporary agreement with the UK being finalized [4]. Group 3: Future Implications - The U.S. Commerce Secretary has stated that there will be no further adjustments to the current tariff levels on China, indicating a lack of strength or willingness to impose additional tariffs [6]. - The ongoing negotiations are expected to continue, with both sides needing to invest more time and effort to reach a mutually acceptable consensus [8]. - The Trump administration is under pressure to avoid being labeled as the "worst president in history," which may influence its negotiation strategies moving forward [8].