Trump offers final trade deadline to countries as markets stall

Trump offers final trade deadline to countries as markets stall originally appeared on TheStreet.

The crypto markets remain stalled as the Trump administration has urged countries to submit their best trade offer by Wednesday, Reuters reported on June 2.

The crypto market has seen its total capitalization decline from approximately $3.5 trillion to a little above $3.2 trillion within the last 7 days.

Similarly, the price of the largest cryptocurrency, Bitcoin, is 7% lower than the all-time high (ATH) it reached on May 22.

Other leading cryptocurrencies, such as XRP, SOL, Dogecoin, ADA, and SUI, have seen their prices decline as much as 14% over the last week.

The crypto market, which is already well-known for its unpredictability, has seen a great deal of ups and downs as a result of the ebbs and flows of President Donald Trump's tariff war over the last two months.

Trump hiked tariffs on all countries on Apr. 2 before pausing them for all except China for 90 days. While the administration has claimed its goal is to finalize 90 trade deals within 90 days, it has so far reached an agreement with only one of its partners, Britain.

As per Reuters, it has seen a draft letter the office of the U.S Trade Representative has sent to countries that are engaged in active negotiations.

The countries are supposed to offer their best proposals regarding tariff and quota offers for the purchase of industrial and agricultural imports from the U.S., among other details. The U.S., in turn, will offer "a possible landing zone" after assessing the proposals within days.

The letter indicates growing urgency within the Trump administration to finalize deals by the July 8 deadline.

Trump offers final trade deadline to countries as markets stall first appeared on TheStreet on Jun 2, 2025

This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared.

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