U.S. Commerce Secretary Announces First Trump-Era Trade Deal

U.S. Commerce Secretary Howard Lutnick announced a new trade agreement, marking the first such deal under the Trump administration. The agreement, currently pending final approval from foreign authorities, focuses on partnerships with countries other than China, boosting market confidence in the administration’s trade agenda. This landmark deal was revealed during a CNBC interview where Lutnick detailed its key features: an exclusion of Chinese involvement and a focus on global expansion. Financial markets responded positively to the announcement, indicating investor optimism for the new trade policy.