New Delhi, June 30 -- US President Donald Trump has signalled letters may replace formal trade agreements soon as White House lacks progress in trade talks with several countries as July 9 deadline looms. US has been able to strike trade deal only with China and the United Kingdom. On Monday, 30 June, US restarted trade talk with Canada.

US President Donald Trump has shown no concrete progress towards his self-imposed goal of signing 90 trade deals in 90 days, a bold promise he made earlier this year while rolling out aggressive so-called "reciprocal tariffs" on key American trading partners. With the deadline just days away on 9 July, critics and economists alike are raising concerns about the growing economic fallout.

In a televised i...