US secures new trade agreements, Trump says

President Donald Trump announced that the United States has finalized trade deals with several countries, likely four or five, including China and the United Kingdom. Speaking at the White House, Trump highlighted that negotiations with India are also nearing completion. These agreements aim to strengthen economic ties and boost American industries.

Trump credited U.S. Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent for their efforts in securing these deals. The agreement with China, recently finalized in Geneva, is a significant step in stabilizing relations between the two nations. The Chinese Commerce Ministry confirmed the details of this trade framework, signaling mutual progress.

Additionally, talks with other major trading partners, such as Japan and Vietnam, are ongoing, though some face challenges due to concerns over potential U.S. tariffs. Trump’s administration is pushing to wrap up these pacts by the Labor Day holiday, with a firm deadline for tariff decisions set for July 9. The EU and U.S. are also optimistic about reaching a tariff agreement by July, which could further enhance global trade stability.

These deals are expected to make it easier for American companies to access critical materials, like rare earth minerals, essential for manufacturing and technology. As negotiations continue, markets are reacting positively, with stock futures climbing and investor confidence growing. Trump’s focus on trade is seen as a key driver of economic optimism, with hopes of more agreements on the horizon.