US announces trade 'deal' with China
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President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.
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Trump announces a trade agreement with the United Kingdom, although details are still months away from being finalized and the 10% tariffs remainWashington celebrates that "it has been possible because we blew up the whole system," while London considers it a "start," but not the end, and resists accepting a relaxation of phytosanitary standards.
Final details are under wraps but Trump promised the deal provides billions of dollars in access for U.S. agricultural products like beef and ethanol.
President Trump imposed "reciprocal" tariffs on nearly all other countries, but quickly paused them to allow time to negotiate trade agreements with the U.S.
Opposition to Trump may have jumped the gun on the doom and gloom forecasts. Trump's string of deals and demands have moved markets to recovery. Major indices have since exceeded both their April 1 closes and predictions.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Trump said the agreement affirms "reciprocity and fairness is an essential and vital principle of international trade."
The trade agreement in principle with the United Kingdom could be an opportunity for the state’s ethanol industry. Wendy Osborn says Ohio is currently the 7th largest producer of ethanol in the country.