President Donald Trump has said that he will reveal details of a major new business deal at a press conference prescribed for 10.00 am tomorrow at the Oval Office. In a post on Truth Social, Trump described the agreement as representatives of “large, and highly respected, country” and called it “the first of many”.,The announcement time also coincides with the onset of US-China talks in Switzerland, the first formal dialogue broke after the trade talks last year. Nevertheless, Trump is adamant that America is not talking to the situation of weakness. “He said that we took the initiative [the talks]I think they should go back and study their files, ”they said in response to Chinese claims.While Trump has not yet disclosed the name of the country, the announcement is amidst renewed stress on trade, especially with China. The US recently imposed 145% tariffs on most imports from China, one step Trump says it is necessary to correct years of business imbalance. He said, “We were losing a trillion dollars in a year, now we are not losing anything,” he said earlier this week, now, fulfilling any deficiency in tariffs for now.Uncertainty remains on how any new business deal can be structured. Trump suggested that his administration has been approached by almost all major trading partners with possible agreements, but insisted that any final deal should first serve American interests. He said, “We can sign 25 deals tomorrow, if we want,” he said that tariff is a tool that he is ready to use to take advantage of better terms.The market has carefully responded, the US stock indices have seen a slight decline after Trump’s tariff-related comments. Federal Reserve Chairman Jerome Powell warned that the current trade talks could result in a large extent the US economic approach.
