Trump Teases Major Trade Breakthrough

In a significant announcement, President Donald Trump revealed a forthcoming major trade deal during a news conference scheduled for Thursday morning in the Oval Office. The announcement, shared via Trump's Truth Social account, noted the involvement of a 'big, and highly respected, country', though specifics were not disclosed.

This development emerges amidst a backdrop of heightened tariff tensions, initiated by the president's earlier imposition of a 10% tariff on most countries and more severe tariffs on autos, steel, aluminum, and sectors involving Canada, Mexico, and China. These tariffs are currently suspended for a period of 90 days, yet the impact remains consequential.

In a related vein, President Trump referenced potential trade agreements with nations such as India, South Korea, and Japan. These discussions highlight the administration's focus on recalibrating trade partnerships and examining strategic economic opportunities over the forthcoming weeks.

(With inputs from agencies.)