The Secretary of Trade Lutnick says that one trade agreement is concluded, but I am waiting for the approval of the unnamed country by the leaders

The Secretary of Trade Howard Lutnick was teasing that Trump's administration reached the first trade agreement, but said that it was not fully finalized and refused to mention the involved country.

“I have a contract, made, made, made, but I have to wait for their prime minister and their parliament to submit his consent, which I expect soon,” said Lutnick Brian Sullivan from CNBC.

The stock market has increased to its own Session ups After the comments, because Wall Street is carefully observing the signs of progress in commercial negotiations.

Lutnick said that he did not have direct contact with China, saying that these negotiations were in the “portfolio” of the secretary of the treasury Scott Bessent.

“My portfolio is the rest of the global trade agreements,” said Lutnick.

Lutnicka's comments appear almost all a month after the “Liberation Day”, when President Donald Trump introduced extensive tariff increases around the world. Since then, many of these fees Stopped for 90 daysBut the tariffs for China were reached to over 100%.

The Trump administration said that dozens of countries have reached the conclusion of a contract in recent weeks, but no agreement has been officially announced. Japan, South Korea and India were seen as one of the most likely transaction candidates.

The uncertainty of the tariffs caused variability on the stock exchange and decreasing trust According to many surveys among business and consumer leaders. Wall Street Steel fell after the initial tariff implementation, but the supplies have been reflected over the past week.

Lutnicka interview with CNBC “Exchange“It took place in Arizona at the construction site of the semiconductor factory. Increased production in the USA is one of the designated goals of Lutnicka for Trump's tariff policy.

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