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Former President Donald Trump has hinted at a “MAJOR TRADE DEAL” to be announced soon, sparking speculation about relief from steep tariffs that have rattled global markets. Posting on Truth Social, Trump said a deal with a “big and highly respected” country would be revealed at a press conference from the Oval Office.
Though no country was named, insiders point to possible agreements with the UK, India, South Korea, or Japan. According to trade adviser Peter Navarro, the UK is likely first in line, with potential exemptions from digital service taxes and US tariffs on steel, aluminium, and autos.
Despite the hype, experts believe the announcement might only involve a memorandum of understanding rather than a full trade agreement, which typically takes years to negotiate. Jacob Jensen from the American Action Forum warned that verbal deals offer little long-term economic certainty.
This development follows a turbulent trade climate: US tariffs on Chinese goods have reached 145%, with China retaliating at 125%. While Trump remains firm on not lifting tariffs before talks, US and Chinese officials are set to meet in Geneva — a sign of potential de-escalation.
Economists warn the ongoing tariff war has already damaged the US economy, contributing to a contraction in the first quarter. As the world watches Trump’s next move, hopes remain for progress that could ease global trade tensions and protect economic stability.
