• Kevin Hassett expects multiple trade deals to be announced in coming weeks.
  • Administration reviewing over ten potential agreements, some described as "astonishing" in scope.
  • Economic growth projections revised upward, potentially exceeding 4% in late 2025.

Trade Momentum Builds

White House National Economic Council Director Kevin Hassett revealed Thursday that the Trump administration is preparing to announce several trade agreements in the near term, with negotiations progressing rapidly across more than ten potential deals. "We're seeing astonishing speed and scope in these discussions," Hassett noted, without specifying which trading partners were closest to finalizing agreements.

The administration faces strategic decisions about whether to roll out agreements individually or as a package. Market analysts suggest bundled announcements could create stronger positive momentum, while targeted reveals might allow for more focused political messaging ahead of the election cycle.

Economic Tailwinds

Hassett revised growth projections upward, telling reporters the U.S. could see GDP growth "way north of three percent" with potential to exceed four percent in the second half of 2025. This optimism stems partly from anticipated trade deals reducing business uncertainty. Recent market gains already reflect improved sentiment following the administration's pause on planned tariff increases and selective rollback of export restrictions.

The UK's recent concessions on agricultural market access signals potential for similar breakthroughs with other partners. "When major economies move to avoid trade conflicts, it creates a domino effect," observed one trade policy expert familiar with the negotiations who asked not to be named discussing sensitive talks.

Negotiation Landscape

Administration officials have adopted a noticeably more conciliatory tone in recent weeks, extending a 90-day negotiation window that now runs through July. While the Reciprocal Trade Act remains available as leverage, its implementation appears delayed as negotiators focus on securing concrete agreements.

High-level talks continue with China and the EU, though sources indicate announcements may initially involve smaller trading partners. Businesses with international exposure welcomed the developments, with one manufacturing executive noting "even incremental progress helps stabilize supply chain planning." The White House declined to comment on whether specific sectors would see immediate relief from existing tariffs.