As the United States approaches the expiration of the reciprocal tariff suspension, a senior official stated that agreements with several trade partners will be announced next week.

Michael Pulkender, Deputy Secretary of the Treasury. /Courtesy of Yonhap News

According to Reuters on the 2nd (local time), Michael Pohlkender, the Director General of the Treasury Department, noted, "I expect many (trade) agreements to be announced next week."

It is interpreted that President Donald Trump, following the United Kingdom, has reached a trade agreement with Vietnam on the same day, indicating the possibility of subsequent agreements.

Pohlkender added, "Even for countries where negotiations with the United States have not made substantial progress, I expect tariff rates on exports to the U.S. to be announced next week."

The day before, President Trump hinted that he is not considering an extension of the reciprocal tariff suspension, suggesting pressure for countries to expedite agreements.

Previously, the Trump administration implemented country-specific reciprocal tariffs on 57 economic entities (56 countries + European Union) on April 9, but after 13 hours, decided to suspend it for 90 days, excluding China. This suspension will come to an end on the 8th.

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