President Trump met with Italian Prime Minister Giorgia Meloni at the White House, expressing confidence in securing a trade deal with the European Union by the end of a 90-day tariff pause. Despite Meloni's limitations in negotiation, U.S. officials view her as a potential link to broader European discussions. In related economic news, the European Central Bank cut interest rates due to uncertainties arising from Trump's trade policies. Additionally, U.S. and Iranian officials are scheduled for nuclear talks in Rome, with concerns about inconsistent messaging from the White House regarding deal expectations.
Trump stated there will definitely be a trade deal with the E.U. by the end of a 90-day pause on certain tariffs, despite Meloni's lack of negotiation power.
The European Central Bank reduced interest rates amid the uncertainty created by Trump's trade policies, highlighting the global economic impacts of his administration.
Meloni, a conservative leader, might act as a connection between Trump and the rest of Europe, despite her inability to negotiate on behalf of the E.U.
As U.S. and Iranian officials prepare for nuclear talks in Rome, there's concern about mixed signals from the White House regarding their expectations from the agreement.
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