The American trade secretary Howard Lutnick speaks to members of the media near the White House in Washington, DC, US, March 13, 2025.
Nathan Howard | Reuters
Commerce Secretary Howard Lutnick teased on Tuesday that the Trump administration that you are rearranging its first trade agreement, but said it was not completely finished and was declared to call the country concerned.
“I did, ready, done, done, but I have to wait until their prime minister and their parliament give his approval, which I expect soon,” Lutnick told Brian Sullivan of CNBC.
The stock market rose to its highlights of the session after the comments, while Wall Street is closely monitoring for signs of progress in trading negotions.
Lutnick said that he was not directly dealing with China and said that the negotiations in the “portfolio” of the Minister of Finance were Scott Bervent.
“My portfolio is the rest of the traces of the world,” said Lutnick.
Lutnick’s comments come almost a full month after “Liberation Day”, when President Donald Trump rolled out the majority of the world of Widepretad Tariefstarie. Many of those taxes have since been paused for 90 days, but the rates for China have been increased to more than 100%.
The Trump government has said that dozens of countries will conclude a deal in recent weeks, but not an agreement that you have officially announced. Japan, South Korea and India have been seen as a sum of the most likely candidates for deal.
The uncertainty about rates has fueled volatility on the stock market and the purchase of confidant among managers and consumers, according to multiple surveys. Wall Street is falling steep after the first rollout of the rate, but the stocks have been repeated last week.
Lutnick’s interview with CNBC’s “The Exchange” took place in Arizona on the construction site of a semiconductor factory. Increased American production is one of Lutnick’s indicated goals for the Tarif policy of the Trump administration.
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