ADDED:
Lutnick is referring to the US and China having finalized a trade understanding reached last month in Geneva
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A US-China trade deal would indeed be welcome. Trump spoke earlier but didn't specify what sort of deal it was:
And now US Commerce Secretary Lutnick has said that a US-China trade deal was signed two days ago. But, no details.
More:
The US has signed a trade deal with China, finalised two days ago.
A trade agreement with India is nearing completion.
The US is optimistic about reaching a deal with the European Union.
The EU has made strong progress despite a slow start.
The US will finalise the EU trade deal at the end of the current round.
July 9 is set as the deadline for reciprocal tariff agreements.
On July 9, countries will also be grouped into appropriate tariff categories.
Countries wanting further negotiations are welcome to engage.
No changes to the US tariff program will be needed if related legislation is adjusted.
China to provide rare earths to US
China deal signed 2 days ago includes rare earths part
US to lift restrictions on ethane exports to China (I mentioned this yesterday, it was a notable development still in early stages)
A tax bill is expected to pass within one to two weeks.
A consensus is expected on SALT-related trade issues.
Several trade deals are planned to be announced in the coming week.
Key trade decisions will follow the passage of significant legislation.
This is all positive stuff from Lutnick. If true.
