According to BlockBeats, U.S. President Donald Trump suggested to reporters that his administration might reach trade agreements with certain countries as early as this week. This development offers a glimmer of hope to trade partners seeking to avoid high U.S. tariffs. When asked about the possibility of a trade deal being finalized this week, Trump responded that it was "entirely possible," though he did not specify which countries might be involved.
Trump further mentioned that tariff standards would be directly set in the next two to three weeks, stating, "Some countries have significant trade surpluses with the U.S. and take advantage of us in various ways, and we are well aware of this." U.S. Vice President Vance indicated that an agreement with India might be among the first outcomes, while negotiations with Japan, South Korea, and Europe are also progressing.
Despite recent gains in the U.S. stock market and an employment report that exceeded expectations last Friday, most economists predict that trade conflicts could lead to an economic slowdown later this year. Legendary investor Buffett criticized protectionist policies over the weekend, stating, "Trade should not be used as a weapon."
