U.S. Strikes Trade Deal With Mystery Nation, Awaiting Final Approval
Summary
Amidst ongoing trade tensions, the U.S. Commerce Secretary revealed a tentative trade deal with an unspecified nation, boosting stock markets as investors await final approval and details from the mystery partner.
Key Points
- Commerce Secretary Howard Lutnick said the Trump administration has reached a trade deal with an unnamed country, but it still needs approval from that country's leaders.
- The stock market rose following Lutnick's comments as investors are closely watching for progress on trade negotiations.
- Lutnick said he is not directly involved in the trade talks with China, which are being handled by Treasury Secretary Scott Bessent.