• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance

Lutnick warns no ‘fast deals’ for Japan and South Korea todayheadline

May 9, 2025
in Business & Finance
Reading Time: 2 mins read
A A
0
Lutnick warns no ‘fast deals’ for Japan and South Korea
6
SHARES
14
VIEWS
Share on FacebookShare on Twitter

Commerce Secretary Howard Lutnick said that trade deals with South Korea and Japan could take significantly more time to complete than the framework agreement President Donald Trump announced Thursday with the UK, in a signal that some Asian partners may have to wait for tariff relief.

“You’ve got to spend an enormous amount of time with Japan, South Korea. These are not going to be fast deals,” Lutnick said in an interview on Bloomberg Television.

Lutnick added that India has been “leaning in really hard” and the country was “certainly” a possibility to be among the next countries to reach an agreement. But, he cautioned, “this is a lot of work.”

“When you talk about India, it’s probably 7,000 lines” of tariffs to be changed or modified under a hypothetical agreement, Lutnick said. “It just takes time, and it just takes work—so give us a chance, don’t be pushing and rushing.”

At the same time, Lutnick said he was hopeful that initial deals could serve as templates for their respective regions, helping illustrate what kind of concessions Trump was looking for in exchange for tariff relief.

“We’re trying to show people a frame for how to do business so that we can roll much more quickly, right?” Lutnick said.

The Commerce chief, who has taken a lead role in trade negotiations, said that Trump’s 10% baseline tariffs remained a “bottom line” but that many nations would experience higher rates unless they moved aggressively to open their economies. He also said the UK deal showed ways that nations could see Trump roll back sectoral tariffs he’s imposed on products like automobiles and metals that the president has deemed a national security priority.

Lutnick spoke hours after Trump unveiled the framework agreement, which gives the U.S. increased market access and a faster customs process for exports in exchange for limited relief from levies on autos, steel, and aluminum. But officials in both the UK and U.S. conceded there were still significant details to be worked out, as well as outstanding concerns about longstanding issues like the UK’s digital services tax and food standards.

Following the announcement, Trump told reporters he was “very close” to signing more agreements.

“We have numerous deals,” Trump said.

Trump unveiled the UK deal shortly before Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer were scheduled to depart for Geneva, for weekend meetings with Chinese officials on trade. The U.S. and China have traded punishing tariffs following Trump’s announcement earlier this year, in a tit-for-tat that threatens the global economy.

That effort is likely to be far more complicated than Trump’s efforts to extract concessions from traditional allies and partners, though Trump on Thursday signaled he’d be willing to reduce tariffs if talks were progressing well.

“I think we’re going to have a very good relationship,” he said.

This story was originally featured on Fortune.com

Tags: BloombergDealsDonald TrumpEditor's PicksfastJapanKoreaLutnickSouthSouth Koreatariffs and tradetodayheadlinewarns
Previous Post

China's April exports beat expectations, imports narrow declines todayheadline

Next Post

Will Power takes Will Buxton around the IMS Road Course ahead of Sonsio Grand Prix | INDYCAR On FOX

Related Posts

Struggling retail chain closing 27 stores, locations revealed

Popular grocery chain closing over 220 stores, saves nearly 175 todayheadline

May 9, 2025
5
Factbox-Airlines suspend flights to Israel after Houthi attack on airport

Factbox-Airlines suspend flights to Israel after Houthi attack on airport todayheadline

May 9, 2025
3
Next Post
Databricks

Will Power takes Will Buxton around the IMS Road Course ahead of Sonsio Grand Prix | INDYCAR On FOX

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0
Zambia Nakonde Plant Health Lab

Zambia Commissions Upgraded Nakonde Plant Health Lab To Bolster Food Security Following Biting Drought – Africa.com

May 9, 2025
Air Canada’s U.S. bookings to drop by ‘low teens’ in next 6 months: CEO - National

Air Canada’s U.S. bookings to drop by ‘low teens’ in next 6 months: CEO – National

May 9, 2025
India-Pakistan clashes are test for China, Western military systems

India-Pakistan clashes are test for China, Western military systems

May 9, 2025
2025 Indy 500 Entry List: All 34 drivers and 12 teams

How to watch INDYCAR Sonsio Grand Prix: Schedule, date, time, TV channels, streaming

May 9, 2025

Recent News

Zambia Nakonde Plant Health Lab

Zambia Commissions Upgraded Nakonde Plant Health Lab To Bolster Food Security Following Biting Drought – Africa.com

May 9, 2025
0
Air Canada’s U.S. bookings to drop by ‘low teens’ in next 6 months: CEO - National

Air Canada’s U.S. bookings to drop by ‘low teens’ in next 6 months: CEO – National

May 9, 2025
3
India-Pakistan clashes are test for China, Western military systems

India-Pakistan clashes are test for China, Western military systems

May 9, 2025
4
2025 Indy 500 Entry List: All 34 drivers and 12 teams

How to watch INDYCAR Sonsio Grand Prix: Schedule, date, time, TV channels, streaming

May 9, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Zambia Nakonde Plant Health Lab

Zambia Commissions Upgraded Nakonde Plant Health Lab To Bolster Food Security Following Biting Drought – Africa.com

May 9, 2025
Air Canada’s U.S. bookings to drop by ‘low teens’ in next 6 months: CEO - National

Air Canada’s U.S. bookings to drop by ‘low teens’ in next 6 months: CEO – National

May 9, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co