#trade-deals

#trade-deals

Bessent said that inflation on imported goods, has actually been flat. Inflation is up because of the service economy and services, so that has nothing to do with tariffs, Bessent said, and many of the food items where the inflation is coming down. the USTR has been working very hard on trade deals, and the trade deals that have been in the works for six or eight months coincide with many Latin American, Central American countries where the food stuff you just named come from.

The Trump administration warns of complete disaster for the U.S. economy if its reciprocal tariffs are struck down, showing great concern over an upcoming court ruling.

Financial markets globally rallied with sharp increases in share prices, as the Nikkei rose by 3.5%, the FTSE 100 hit a record 9,061, and the Dow Jones rose over 1%. News regarding nearing trade deals between the EU and US spurred this surge, while a significant trade agreement recently made between the US and Japan benefited Japanese automakers, with Toyota's shares surging over 14%.

In recent discussions, Japan has solidified its trade relationships with major economies, particularly emphasizing strategic partnerships with China and the United States to enhance economic stability.

When asked about steel by reporters, Trump said: We're going to let you have that information in a little while.

The markets are cautious as of mid-morning trading as they weigh this week's positive trade deal developments and easing inflation with signs of a cautious consumer.

Trump's Middle East sojourn ended, revealing no grand bargain for peace and instead multiple smaller agreements focused on business and investments.

So the trade deals are making good progress, and the negotiating teams are hard at work moving those forward.

"I have a deal! Lutnick said. Done, done, done, done. But I need to wait for their prime minister and their parliament to give its approval, which I expect shortly."

It would be good to see a deal or two put forward so there's a construct that people can understand, and people can say OK, so that's what these deals are going to look like.