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.

As the U.S. and China finalized a trade agreement, Beijing pitched itself at the “Summer Davos” summit as an antidote to global economic “confusion and anxiety.”