Trump is set to announce his first trade deal since his tariffs sent markets reeling

Trump surprised markets by hinting at a new trade deal after imposing steep tariffs last month, which caused a sell-off. He suggested the agreement would likely be a framework rather than a detailed pact, with details to come later. His administration has been actively negotiating with various countries, including pausing tariffs on some goods in China due to ongoing trade tensions. Economists warn that tariffs could lead to shortages and price hikes, while Trump has taken aggressive steps like rolling out tariffs on autos, steel, aluminum, and more, signaling a tough stance on global trade issues.