Donald Trump to announce 'large trade agreement' with a “large and highly respected” nation

President Donald Trump has explained that at a press conference that will be planned tomorrow (local time) in the Oval Office for 10:00 a.m. (local time) a large new trade agreement for 10:00 a.m., will reveal details about a large trade agreement. In a post about the social truth, Trump described the agreement as a representative of a “large and highly respected country” and called it “the first of many.“”“Big press conference tomorrow morning at 10:00 a.m., the Oval Office, about a large trade agreement with representatives of a large and highly respected country,” said Trump in his post.The time of the announcement also coincides with the start of US China talks in Switzerland, the first formal dialogue since the trade war. Nevertheless, Trump is firmly convinced that the United States is not looking for any discussions from a position of the weakness. “You said we initiated [the talks]? I think they should go back and study their files, ”he said in response to the Chinese claims.

Although Trump has not yet announced the name of the country involved, the announcement in the middle of new tensions about trade, especially with China, occurs. “We lost a trillion dollar a year, now we have lost nothing,” he said at the beginning of this week and initially excluded a reduction in tariffs.Uncertainty remains as to how a new trade agreement could be structured. Trump has proposed that his administration was addressed by almost all major trading partners with potential agreements, but he insists that every final deal first served the American interests. “We could sign 25 offers tomorrow if we wanted,” he said, adding that the tariffs remain a tool that he would like to use to use better conditions.Fed holds tariffs and warnings of uncertaintyThe US Federal Reserve kept the interest rates stable and kept its benchmark rate between 4.25% and 4.50% with increasing concerns about inflation and employment pressure. The break announced on Wednesday comes that the economic effects of President Donald Trump's restful new tariffs are developing. The chairman of FED, Jerome Powell, cited “a lot of uncertainty” about the administration's trade policy, which led to the volatility of the financial markets and warnings of analysts of higher inflation and unemployment.Trump's tariffs, including steep taxes for Chinese goods and 10% tasks on imports of other nations, have shaken the trust of investors and expressed concerns about future economic growth. While hard data show that the economy has remained resistant, softer indicators indicate the falling trust of consumers and the expectations of increasing inflation.The FED is faced with a delicate balancing act while monitoring these developments. Despite the public criticism of Trump's urge to urge, Powell insisted that the FED continues to concentrate on economic data. Analysts now expect the installment cuts to be delayed, some of which predict the first adjustment in September.In terms of economic uncertainty, Trump's proposal for 100% tariffs on foreign films. Although it is unlikely that the idea underlines wider turbulence in the industry. Hollywood, which has long been anchored in Los Angeles, loses international production centers that offer generous tax incentives. With the shooting in LA in historical lows, California civil servants are urging state tax credits to keep production locally, even though competition from abroad continues to grow.