President Trump's team is no longer aiming for big trade deals with many countries, according to a report in the Financial Times on Tuesday. Instead, they are trying to make smaller, quick agreements before July 9,

But the level of trade success Trump will have achieved by next week looks to fall short of his goals. Trump’s trade adviser Peter Navarro touted “90 deals in 90 days” in April. As the deadline approaches though, others in the Administration are lowering expectations.

Japan trade negotiations on Monday (June 30) as Treasury Secretary Scott Bessent warned that countries could be notified of sharply higher tariffs as a July 9 deadline approaches despite good-faith negotiations.