Trump tariffs live updates: Trump says US and China are discussing a deal

White House press secretary Karoline Leavitt repeated claims that 75 countries have reached out and said, without providing further details, that it "had more than 15 deals, pieces of paper put on the table, proposals that are actively being considered."

"We do believe that we can announce some deals very soon," she said.

In a Tuesday social media post, President Donald Trump claimed he will protect farmers and said he recognizes he had to support them financially during his first administration after they were hit by a trade war with China.

"China was brutal to our Farmers, I [told] these Patriots to just hold on, and a great trade deal was made," the president claimed.

He encouraged farmers to hold on, saying he will protect them, and bashed former President Joe Biden, claiming China had "ZERO" respect for his administration.

He also acknowledged that China has halted Boeing jet deliveries as part of the tit-for-tat trade war.

-ABC News' Kelsey Walsh

President Donald Trump reacted on social media to Nvidia's Monday announcement that it would commit to building its artificial intelligence supercomputers entirely in the United States, calling the move "very big" and "exciting."

The chip company promised to produce $500 billion of AI infrastructure in Texas over the next four years.

"All necessary permits will be expedited and quickly delivered to NVIDIA, as they will to all companies committing to be part of the Golden Age of America!" Trump claimed.

-ABC News' Kelsey Walsh

Vice President J.D. Vance reportedly said the U.S. and U.K. are currently "working very hard" on a trade deal and that there's a "good chance" the two sides will come to an agreement.

"The president really loves the United Kingdom. He loved the queen. He admires and loves the king. It is a very important relationship. And he's a businessman and has a number of important business relationships in an interview with UnHerd, a British news and opinion website, published on Tuesday.

Vance did not say how soon a deal could be reached with the U.K., but suggested it may be easier to reach one than with other European allies.

"With the United Kingdom, we have a much more reciprocal relationship than we have with, say, Germany… While we love the Germans, they are heavily dependent on exporting to the United States but are pretty tough on a lot of American businesses that would like to export into Germany," he said.

"Fairness" is at the center of working out deals, according to Vance, who said it will "lead to a lot of positive trade relationships with Europe."

"We very much see Europe as our ally," he told UnHerd. "We just want it to be an alliance where Europeans are a little more independent, and our security and trade relationships are gonna reflect that."

And after stocks across the globe plunged in the wake of Trump's tariffs announcement, Vance said in the interview that "any implementation of a new system is fundamentally going to make financial markets jittery."

"No plan is, you know, going to be implemented perfectly," he said, adding, "We're very cognisant of the fact that we live in a complicated world where nobody else's decisions are static. But the fundamental policy is to rebalance global trade, and I think the President has been very clear and persistent on that."

The Trump administration has a meeting scheduled with Japanese officials on Wednesday and a meeting with South Korea next week.

-ABC News' Justin Gomez