• The White House is close to finalizing trade agreements with 15 countries, according to economic adviser Kevin Hassett.
  • A 90-day tariff pause announced in April 2025 has spurred rapid negotiations, with deals expected within weeks.
  • Markets responded positively, with the S&P 500 rising 0.6% on the news.

Trade Talks Gain Momentum

White House economic adviser Kevin Hassett revealed that the U.S. is nearing trade deals with 15 countries, describing the process as moving "really, really fast." The administration is currently evaluating offers from these nations, with several agreements "right close to the finish line," Hassett said. This flurry of activity follows President Trump's April 2025 announcement of a 90-day pause on previously planned tariff increases.

South Korea and Australia appear to be among the most advanced negotiations. Trump specifically mentioned progress with South Korea after discussions covering trade surplus, tariffs, and military protection payments. Australia, which recently declined China's offer to jointly oppose U.S. tariffs, is reportedly a top priority for the administration.

Market Impact and Strategic Shift

The S&P 500 climbed as much as 1.6% before settling 0.6% higher following the trade developments, reflecting investor optimism about reduced trade tensions. The negotiations represent a notable shift from the administration's earlier hardline tariff stance, suggesting a more pragmatic approach balancing protectionist goals with economic stability concerns.

"All the world's countries are lining up to come to America to make deals that are better for ordinary Americans," Hassett noted, emphasizing the administration's strategy of using tariff threats as leverage. With 75 countries having expressed interest in negotiations, the White House is focusing first on partners deemed crucial to achieving near-term successes.

The outcome of these talks could reshape global trade dynamics, particularly if the administration secures multiple agreements simultaneously. Observers will be watching closely to see whether these potential deals represent genuine compromises or largely symbolic victories as the 90-day window progresses.