Where Trump's trade talks stand with China, Canada, the UK, Japan, and other key countries

• President Donald Trump said he's in no rush to sign a trade deal.
• The 90-day pause on his "reciprocal tariffs" will run out on July 9.
• There's a new trade deal with the UK. The US is also in talks with China.

President Donald Trump is running out of time to make trade deals before the 90-day pause on his so-called "reciprocal tariffs" runs out.

Trump said this week that he's not in any rush.

"Everyone says, 'When, when, when are you going to sign deals?' We don't have to sign deals. We could sign 25 deals right now, Howard, if we wanted," Trump said in the Oval Office, motioning to Commerce Secretary Howard Lutnick as Canadian Prime Minister Mark Carney sat nearby.

"We don't have to sign deals. They have to sign deals with us," Trump said. "They want a piece of our market. We don't want a piece of their market, we don't care about their market."

Then, on Thursday, Trump announced a trade deal with the UK. "This is going to boost trade between and across our countries," British Prime Minister Keir Starmer said at the time. Treasury Secretary Scott Bessent, meanwhile, is in Switzerland for trade talks with China.

Wall Street continues to hang on every word.

After the UK trade deal was announced, JPMorgan Chase CEO Jamie Dimon told Fox 11 Los Angeles that Trump's tariff approach was initially "too aggressive" but highlighted the need to address unfair trade policies.

"These are deals in principle … a real trade deal would be 10 or 20,000 pages long," he said. "But any progress is good."

Here's what we know about where discussions stand for major US partners.

China

The US and China can't even agree on who initiated the discussions. But it is significant progress that the world's two largest economies are talking.

Bessent has said that a deal with China is more complex, so the Trump administration views it as separate from discussions with other nations.

Beijing has boasted that it can endure a protracted trade fight. And while Trump has said that discussions have taken place, Beijing denied it.

A breakthrough could be coming, however.

Bessent and US Trade Rep. Jamieson Greer traveled to Switzerland for face-to-face talks with He Lifeng, China's top economic official. Talks between the two countries began on Saturday.

In April, Trump imposed a 145% tariff on Chinese goods, escalating the trade dispute. However, on Friday, he said he believes 80% would be an appropriate levy.

The talks will occur in the same city as the World Trade Organization's headquarters. Trump has long complained about China's 2001 admission to the WTO.

Canada

Trump recently met with the newly elected Carney in the Oval Office.

The economist and onetime governor of the Bank of England told reporters that Canadian officials, himself, and Trump planned further trade discussions "in the coming weeks."

During a public portion of their Oval Office meeting, Trump and Carney both said that there needs to be changes made to the US-Mexico-Canada agreement, Trump's first-term rewrite of the North American Free Trade Agreement.

In the meantime, the United States continues to impose a 25% tariff on non-USMCA-compliant Canadian goods and a 10% tariff on energy imported from Canada. Additional US tariffs on automobiles, steel, and aluminum also apply to Canadian goods.

Canada retaliated by imposing a 25% tariff on US goods, including steel, aluminum, and agricultural goods.

United Kingdom

In the trade agreement forged between the UK and the US, Trump will reverse tariffs on British steel and automobiles

British steel and aluminum won't be subject to US-imposed 25% tariffs. And tariffs for UK cars imported into the United States will be cut from 27.5% to 10% for the first 100,000 vehicles.

US farmers will also get more access to UK markets.

The White House said the deal represents a "$5 billion opportunity for new exports for US farmers, ranchers, and producers."

Trump's 10% tariff — still in effect for most countries — will remain in place for the UK.

India

Vice President JD Vance said on May 1 that a US-India trade deal would "be among the first deals" the administration will reach.

"Pretty soon," Vance told Fox News anchor Bret Baier.

Vance traveled to India for four days in April and spent significant time with Indian Prime Minister Narendra Modi.

Trump announced a 27% tariff on Indian goods at the White House as part of his "Liberation Day" celebration. His 90-day pause on those tariffs ends on July 9.

As a large purchaser of Venezuelan oil, India could also face additional US tariffs.

Vietnam

Vietnam's top trade negotiator Nguyen Hong Dien on May 7 urged his country's businesses to be "proactive" in doing more business with the US.

Greer, according to a Bloomberg News report, told Dien during a March meeting in Washington that Vietnam needed to do more to lower the US trade deficit. The US deficit was $123.5 billion in 2024, an 18% increase from the previous year.

Trump imposed a 46% tariff on Vietnam as part of his "Liberation Day" announcement — it, too, is subject to the 90-day pause.

European Union

European Trade Commissioner Maros Sefcovic said on May 6 that the European Union will release more details about potential countermeasures should talks with Trump fail.

"Negotiations clearly come first but not at any cost," Sefcovic told reporters, per NBC News.

In April, Italian Prime Minister Giorgia Meloni became the first European leader to visit Washington after Trump roiled global markets with his "Liberation Day" tariffs. At the time, both she and Trump spoke positively of a potential deal.

Tesla CEO Elon Musk said in April that he hoped to see a "free trade zone" between the US and Europe.

Japan

Trump said on April 30 that he had "potential deals" with Japan, India, and South Korea.

Ryosei Akazawa, Japan's chief negotiator, told reporters a few days later that he and his US counterparts had "concrete discussions."

"There are still many issues that need to be addressed and resolved before a final agreement can be reached," Akazawa said.

Trump imposed a 24% tariff on Japanese goods before announcing his 90-day pause.

South Korea

South Korea sent representatives to the US early on, but it's unlikely to be one of the first countries to strike a deal.

That's because South Korea is holding snap elections on June 3. A senior government official previously told Reuters that no deal would come before the election.