Trump reveals 200 trade deals are done, with no specifics

President Trump said the U.S. has made 200 trade deals, but has yet to name which nations were involved.

Mr. Trump made the remarks two weeks after he declared a 90-day stay on his reciprocal tariffs to give foreign trading partners time to negotiate better agreements.

China, however, was exempted from the 90-day pause.

“I’ve made 200 deals,” Mr. Trump told Time magazine in an interview published Friday. “100%.”

Mr. Trump didn’t specify countries or terms but did say he would announce these deals “over the next three to four weeks” once the deliberations are “finished.”

“What I’m doing is I will, at a certain point in the not-too-distant future, I will set a fair price of tariffs for different countries,” he said.

With the world having almost 200 countries, the Trump administration gave itself an aggressive schedule when trade adviser Peter Navarro said it was “possible” to sign 90 deals during the 90-day tariff pause.

“Now, some countries may come back and ask for an adjustment, and I’ll consider that,” the president said.

Mr. Trump said these countries have made lots of money while the U.S. was being “ripped off.”

He said he will set a fair tariff price linked to statistics and other measures. This includes whether a country has a value-added tax system, if the country charges the U.S. tariffs, the cost of the tariffs and whether the U.S. is paying for the country’s military.

Mr. Trump’s administration is talking with heads of state he previously met with to hammer out details.

Vice President J.D. Vance just traveled to India, where he said the White House is “hard at work on a trade agreement.” He later said he and Indian Prime Minister Narendra Modi had “made very good progress.”

Treasury Secretary Scott Bessent expressed optimism that the U.S. and China could complete a trade agreement if China rebalances its economy toward domestic consumption rather than exporting cheap goods. Speaking at the Institute of International Finance this week, Mr. Bessent emphasized this as “an incredible opportunity” for cooperation.

Mr. Trump recently confirmed that negotiations with China are “active” as both countries work toward a “fair deal” to reduce the retaliatory tariffs, which exceed 100% on both sides. The president has said he has a good relationship with President Xi Jinping and hopes for a deal, though he’s prepared to maintain pressure if necessary.

China’s Foreign Ministry responded that its “doors are open” for talks but criticized the U.S. approach, stating that “threatening and blackmailing China” while seeking dialogue won’t work. The ministry called for negotiations based on “equality, respect and mutual benefit.”