US President Donald Trump announced today that a trade agreement with China was signed yesterday. However, Trump did not give any details about the content of the agreement.
President Trump made the statement at an event at the White House to introduce a government spending bill that he wants Congress to approve by July 4.
Trump stated that a trade agreement with India was on the way after the agreement with China, and said, “An agreement with India may come soon.” Stating that China was “starting to open up” economically, Trump did not share further details.
On the other hand, President Trump also took aim at the FED in his assessments of the economy. Referring to Fed Chairman Jerome Powell, Trump said, “We have to fight this guy,” and argued that lowering interest rates would be beneficial economically. He also said that short-term debt would most likely be extended.
*This is not investment advice.
