Economy

Trump Announces Market Openings by Trade Partners to Reduce Tariffs, Korea in Talks for Deal

Trump Highlights Trade Negotiations Progress

President Donald Trump revealed that several countries, including South Korea, Japan, and the European Union, are taking steps to open their markets. This move aims to lower the tariffs imposed by the United States. Trump shared these insights during a press meeting at Andrews Air Force Base, emphasizing the rapid changes in trade policies by these nations.

U.S. President Donald Trump with NATO Secretary General Mark Rutte in Washington, D.C., July 14, 2025. REUTERS

Upcoming NATO Meeting and Military Support

Trump also announced a scheduled meeting with NATO Secretary General Mark Rutte, where discussions will include the U.S. supplying sophisticated military equipment to NATO. This equipment is expected to be fully paid for by NATO, highlighting a strategic partnership and support for Ukraine amidst ongoing conflicts.

Criticism Towards Putin and Trade Negotiations

Expressing disappointment in Russian President Vladimir Putin, Trump criticized the contrast between Putin's words and actions. On the trade front, White House National Economic Council Director Kevin Hassett hinted at the possibility of imposing tariffs if negotiations do not meet President Trump's expectations, underscoring the seriousness of the ongoing trade talks.