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@CNBCTV18Live#BREAKING | US Futures recover after #DonaldTrump says big news conference on major trade deal this evening (IST), will be ‘The First Of Many’ #TrumpTariffs https://t.co/n0aEi0WpRZ
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Trump to Announce First Trade Deal with Highly Respected Country on Thursday, Affirms USMCA
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President Donald Trump has affirmed that the United States-Mexico-Canada Agreement (USMCA) is satisfactory and does not require renegotiation, describing it as a 'good deal for everybody.' This statement follows earlier remarks where he suggested the possibility of renegotiating the agreement, only to later clarify that such action might not be necessary.
Trump also teased an upcoming announcement, which he described as 'one of the most important announcements that have been made in many years.' He emphasized that this announcement would not necessarily pertain to trade matters, despite his comments on the USMCA. The president hinted that the announcement could be made within the next few days, prior to his scheduled diplomatic trip to the Middle East.
During a meeting with Canadian Prime Minister Mark Carney, Trump mentioned that the U.S. does not have to sign trade deals, indicating a flexible approach to international trade negotiations. He also stated that he could announce numerous deals if needed, showcasing his readiness to engage in trade agreements when advantageous. Trump emphasized that the U.S. approach to trade is 'not chaotic, flexible,' and urged reporters to 'stop asking about deals.'
Trump has announced that he will reveal details of a trade agreement with a 'highly respected country' during a press conference on Thursday, marking it as the first of many anticipated trade deals.
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