U.S. Commerce Secretary Raimondo: Multiple trade agreements to be announced around next week

According to a report by Jinse Finance, U.S. Secretary of Commerce Luttig stated that the tax bill is expected to pass within the next week or two. He is confident that a consensus will be reached on the SALT issue. If there are legislative changes, there will be no need to adjust the tariff plan. Multiple (trade) agreements will be announced around next week. Europe has performed well after a slow start. He has become optimistic about reaching an agreement with the EU and will finalize the deal. An agreement with India is close. July 9 will be the final deadline for reaching a reciprocal tariff agreement, at which time countries will be assigned to the corresponding tariff categories. Key measures will be introduced after major legislation is passed.