Trump plans news conference on major trade deal with big and highly respected country
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Bloomberg
President Donald Trump said he plans to hold a news conference Thursday to discuss “a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY.”
The news conference in the Oval Office is scheduled for 10 a.m. Washington time, Trump said in a Truth Social post, though he didn’t elaborate on which country he was referencing.
Trump has faced political pressure to find an off-ramp from his plan to raise US tariffs to their highest level in a century, as polls show Americans souring on his economic stewardship. S&P 500 futures rose as much as 0.5 per cent after Trump’s post.
Details of the announcement were not immediately made clear, but Trump signaled it would be the first of many as he looks to topple barriers to US exports and calm market turmoil driven by the sweeping scope of his tariffs.
Any agreement would come with significant caveats. Full-scale trade pacts typically take years to negotiate, and talks with several nations have centred around, at best, a top-line deal on commitments and intentions that may leave many details traditionally included in comprehensive trade agreements to be negotiated later.
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Published on May 8, 2025
