• Kevin Hassett anticipates multiple trade deal announcements in coming weeks.
  • India, Japan, and Switzerland negotiations reportedly nearing completion.
  • Market reacts positively to trade optimism with S&P 500 gaining 2.5%.

A Flurry of Trade Deals on the Horizon

National Economic Council Director Kevin Hassett has revealed that the Trump administration is preparing to announce several new trade agreements following the recently finalized US-UK deal. "I would not be surprised if there are more trade deals this week," Hassett stated, suggesting the administration has about two dozen agreements in various stages of negotiation.

Among the most advanced negotiations is a complex but nearing-completion deal with India, where Vice President JD Vance recently held productive talks with Prime Minister Narendra Modi. The White House has also indicated progress with Japan and Switzerland, while officials hint at potential breakthroughs in Asian markets.

The administration's "onshoring" strategy continues to drive these negotiations, using tariffs as leverage to bring manufacturing jobs back to American soil. This approach appears to be gaining traction, with the S&P 500 rising 2.5% on recent trade optimism despite broader market concerns about Federal Reserve independence.

Strategic Timing and Market Impact

Hassett suggested the next major announcement could come when President Trump returns from his current travels. Treasury officials have privately described the current tariff standoff with China as "unsustainable," though formal negotiations haven't yet begun. The series of expected bilateral deals represents a significant shift from multilateral trade frameworks, continuing a hallmark approach of the Trump administration.

Market analysts are watching closely as these developments could reshape global supply chains. The US-UK agreement appears to be serving as a template for subsequent negotiations, with Hassett noting "we will see a lot more deals like this in the coming weeks." The administration's focus remains on securing concessions that would allow for tariff reductions while bringing manufacturing capacity back to the United States.