First Basket

Vietnam does not have a parliament by the way. 

They may not be “first” but you would imagine the moment one country announces a new trade deal, the rest will follow in immediate succession due to the speculation of these deals coming with changes to exchange rates.

Below is the complete list of countries that did not retaliate against Trump’s tariffs, expressed intent to work toward new trade deals, and are likely to sign deals first: 

1. India 🇮🇳  

2. Japan 🇯🇵  

3. Vietnam 🇻🇳  

4. Israel 🇮🇱  

5. Taiwan 🇹🇼  

6. Malaysia 🇲🇾  

7. Indonesia 🇮🇩  

8. Australia 🇦🇺  

9. South Korea 🇰🇷  

10. Switzerland 🇨🇭  

11. Zimbabwe 🇿🇼  

12. Iraq 🇮🇶  

13. Bangladesh 🇧🇩  

14. Singapore 🇸🇬  

15. New Zealand 🇳🇿  

Zimbabwe: President Emmerson Mnangagwa announced a suspension of all tariffs on U.S. goods to facilitate trade expansion, indicating a willingness to negotiate despite an 18% U.S. tariff. 

Iraq: Prime Minister Al-Sudani led efforts to reset the U.S.–Iraq trade relationship, focusing on negotiations rather than retaliation, though specific trade deal details are less clear.

Others: Bangladesh and Singapore explicitly expressed intent to negotiate without retaliation, with Bangladesh thanking Trump for the tariff pause and Singapore aligning with ASEAN’s non-retaliatory stance. New Zealand also confirmed no retaliation and a desire for trade talks. 

Completeness: This list includes all countries as not retaliating and seeking trade deals. Over 75 countries reportedly contacted the U.S. for negotiations, but only these are explicitly named with clear intent. We know there are 200 trade deals pending though. 

Likelihood: India and Japan are prioritized for early deals, followed by Vietnam, Israel, and Taiwan due to proactive proposals.

📱 Ross Morgan

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