8 hours ago
Last Updated:May 08, 2025, 07:19 IST
Donald Trump described the agreement as involving representatives of a “big, and highly respected, country,” and called it “the first of many.”
US President Donald Trump (Image: X)
US President Donald Trump is set to unveil a major trade deal, amid ongoing trade tensions, particularly with China, and the start of Washington-Beijing talks in Switzerland, he said. In a post on Truth Social, Donald Trump described the agreement as involving representatives of a “big, and highly respected, country," and called it “the first of many."
His Truth Social post stated, “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!"
The timing of the announcement coincides with the start of US-China talks in Switzerland, the first formal dialogue since trade negotiations broke down last year. While he has not yet disclosed the name of the country involved, the announcement comes amid renewed tensions over trade, particularly with China. The US recently imposed 145% tariffs on most imports from China, a move he says is necessary to correct years of trade imbalance.
“We were losing a trillion dollars a year, now we’re not losing anything," he said earlier this week, ruling out any reduction in tariffs for now as uncertainty remains over how any new trade deal might be structured.
Donald Trump has also suggested that his administration has been approached by nearly all major trading partners with potential agreements, but he insists any final deal must serve American interests first.
“We could sign 25 deals tomorrow if we wanted," he said, adding that tariffs remain a tool he’s willing to keep using to leverage better terms.
The US market has responded cautiously, with stock indices seeing slight declines following US President’s tariff-related remarks. Federal Reserve Chair Jerome Powell warned that the outcome of the current trade talks could significantly reshape the US economic outlook.
Location :Washington D.C., United States of America (USA)
First Published:News world Donald Trump To Announce 'Major Trade Deal' With A ‘Big And Highly Respected’ Nation
