Trade Minister Lootnick says that one commercial agreement, but awaiting the approval of the country’s leaders, has not been named

Trade Minister Howard Lootnick on Tuesday that the Trump administration had reached its first commercial deal, but said it had not been completely completed and refused to naming the country concerned.

“A deal has been accomplished, I did, I did, but I need to wait for their prime minister and parliament to submit his approval, which I expect soon,” Lootnick told CNBC.

The stock market has risen to The highest levels of the session After the comments, Wall Street closely monitors the signs of progress in commercial negotiations.

Lootnick said he was not dealing directly with China, saying that these negotiations were in the “wallet” of the Treasury Secretary Scott Payet.

“My wallet is the rest of the commercial deals in the world,” said Lootnick.

Lutnick’s comments come almost a month after “Tahrir’s Day”, when President Donald Trump put forward a widespread increase in most of the world. since then Stop temporarily for 90 daysBut the customs tariff for China was raised to more than 100 %.

The Trump administration said that dozens of countries have continued with a deal in recent weeks, but no agreement has been officially announced. Japan, South Korea and India were seen as some of the most likely candidates for the deal.

Understanding about the definitions sparked fluctuations in the stock market Low confidence Among business leaders and consumers, according to multiple survey studies. Wall Street witnessed sharp declines after the start of the initial tariff, but the shares have revived during the past week.

Lootnick interview with CNBC’sExchange“I fell in the state of Arizona at the site of building a semiconductor factory. The increase in American manufacturing is one of the declared Lootnick goals of the Trump administration tariff policies.

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