Try GOLD - Free
Trump wanted trade deals. Here's how he got them.
Mint Mumbai
|August 11, 2025
After a faltering start to his effort to remake global trade, President Trump wanted deals, and he wanted them quickly.
To deliver for their boss, senior administration officials embarked on an aggressive campaign beginning this spring to pressure trading partners into agreements that would allow Trump to declare victory.
On trips to Europe, a top economic adviser, Stephen Miran, delivered a warning to his counterparts: If they didn't start seriously negotiating and find a way to come to a deal with the U.S., then their countries would face high tariffs. Miran conveyed the message in May to France and Germany, and later in June to officials in Brussels, where the European Union's executive arm is based, according to a senior administration official.
The behind-the-scenes campaign was launched after Trump paused a wave of tariffs he announced in April, according to people familiar with the matter. He had pulled the plug on his large-scale reciprocal tariff plans that were initially announced on "Liberation Day" as global markets faltered. The effort has resulted in a tariff truce with China and deals with some of the country's largest trading partners, including the EU, Japan and South Korea, as well as the highest overall U.S. tariffs since the Great Depression. On Thursday, higher tariffs on nearly 100 nations went into effect.
The private negotiations since the pause were largely led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer. All three men used their own methods of trying to set up Trump with trade deals featuring enormous investment promises in the U.S. by trading partners and a range of Trump's beloved tariffs.
"President Trump has assembled the best and most experienced trade and economic team in modern history, and their full-court efforts have delivered one historic trade deal after another to level the playing field for American industries and workers," said White House spokesman Kush Desai.
This story is from the August 11, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Paint firms strengthen moats as competition heats up
A bruising market-share battle is escalating in India's ₹70,000-crore paints sector, forcing companies to look beyond aggressive discounting and instead strengthen their foothold in key geographical areas while sharpening their product portfolios.
2 mins
November 28, 2025
Mint Mumbai
Telcos slam Trai penalty plan for financial report flaws
Trai has proposed turnover-linked penalties for filing incorrect, incomplete financial reports
2 mins
November 28, 2025
Mint Mumbai
Consumers warm up to Bolt as it aces 10-min hunger games
A year after launch, Bolt is emerging as Swiggy's fastest-scaling bet.
2 mins
November 28, 2025
Mint Mumbai
Doing India’s needy a good turn: Everyone is welcome to pitch in
What may seem weakly linked with positive outcomes on the ground could work wonders over time
3 mins
November 28, 2025
Mint Mumbai
GOING SOLO: FACING THE GROWING REALITY OF SOLITARY RETIREMENT IN INDIA
What we plan for ourselves isn't always what life plans for us.
2 mins
November 28, 2025
Mint Mumbai
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Mint Mumbai
How the latest labour codes will benefit most employees
Workers may see an increase in some statutory benefits such as gratuity and leave encashment
4 mins
November 28, 2025
Mint Mumbai
Tune into weak signals in a world of data dominance
World War II saw the full fury of air power in battle, first exercised by Axis forces and then by the Allies, culminating in American B-29 bombers dropping atomic bombs on Hiroshima and Nagasaki.
4 mins
November 28, 2025
Mint Mumbai
Investors expect AI use to soar. That's not happening
An uncertain outlook for interest rates. Businesses may be holding off on investment until the fog clears. In addition, history suggests that technology tends to spread in fits and starts. Consider use of the computer within American households, where the speed of adoption slowed in the late 1980s. This was a mere blip before the 1990s, when they invaded American homes.
2 mins
November 28, 2025
Mint Mumbai
Tech startups on M&A route to boost scale, market share
M&As were earlier used to enter new markets or geographies, but that strategy has evolved
2 mins
November 28, 2025
Listen
Translate
Change font size

