Secretary of Trade Lutnik says

The secretary of trade Howard Lutnik on Tuesday teased that the Trump administration reached the first trade transaction, but stated that it was not fully finalized and refused to name the country involved.

“I have a transaction made, made, but I need to wait for their Prime Minister and their parliament will give their approval, which I expect soon,” said Brian Sullivana.

The stock market has risen to its high sessions Following the comments when Wall -Rate closely monitors signs of progress in trade negotiations.

Lutnik said he was not engaged directly with China, saying that these talks were in the “portfolio” of Minister Scott Baze.

“My portfolio is the rest of the world’s trade transactions,” Lutnik said.

Lutnik’s comments came almost throughout the month after the Liberation Day, when President Donald Trump has rolled out wide tariff hiking for the most part. Many of these levies have been since stopped for 90 daysBut the tariffs in China were hiking at more than 100%.

The Trump administration said dozens of countries have resorted to the transaction in recent weeks but has not been officially announced. Japan, South Korea and India were considered as some most likely transactions.

Uncertainty around tariffs caused volatility on the stock market and decreases confidence According to several polls, among the leaders of business and consumers. Wall -Rate saw that after the initial tariffs, but the shares bounced over the past week.

Interviewed slut with cnbc “Exchange“It took place in Arizona at a semiconductor construction site. Increasing US production is one of the stated targets at Trump administration.

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