A look at Trump’s trade deals so far as tariff deadline days away

The U.S. has announced trade deals with various countries and groups, including the European Union and Japan, but key details about the agreements are sparse.

The clock is ticking closer to U.S. President Donald Trump’s latest tariff deadline of Aug 1. And while several more deals — or at least frameworks for deals — have been reached since his last tariff deadline of July 9 came and went, trade talks with many countries are still in flux.

Trump unveiled sweeping import taxes on goods coming into the U.S. from nearly every country back in April. That included heightened so-called reciprocal rates for certain countries, the bulk of which have since been postponed twice.

The first 90-day pause arrived in an apparent effort to quell global market panic and facilitate country-by-country negotiations, with the Trump administration at one point setting a lofty goal of reaching 90 trade deals in 90 days.

But three months later, only two deals emerged: with the U.K. and Vietnam. A separate “framework” for a deal was hashed out with China. And by early July, Trump began sending warning letters that higher tariffs would be imposed against dozens of countries on Aug. 1.

Since then, the U.S. has announced trade frameworks with the European Union, Japan, the Philippines and Indonesia. But, key details remain sparse — or not immediately captured in writing.

Here’s what we know about the agreements so far, in the order of those most recently announced.

The U.S. and the EU announced a trade framework that imposes 15 per cent tariffs on most European goods — warding off Trump’s most recent threat of 30 per cent if no deal had been reached by Aug. 1.

But some key details require more work. The headline of the agreement, unveiled July 27, is that the 15 per cent tariff rate will apply to 70 per cent of European goods brought into the U.S. — with the EU later confirming that that rate applies to pharmaceuticals, semiconductors, and car and car parts. But the remaining 30 per cent of those imports is still open for negotiations.