Tipsheet

Trump Says Something Big on Trade Is Dropping Tomorrow Morning

Matt Vespa
Matt Vespa  |  May 07, 2025 10:00 PM

We have a big event happening tomorrow. Katie will get the official unveiling, but a major trade deal was struck between the United States and “a big, and highly respected, country.” Is it the United Kingdom? That’s been circling the rumor mill. We are in trade talks with our cousins across the pond, but they’re not the only ones. 

Treasury Secretary Scott Bessent will meet with Chinese officials in Switzerland over the weekend. Talks with India are ongoing, but their recent armed spat with Pakistan might put those on hold. Who knows, but trade deals are being hashed out, as the world and the markets are now seeing tariff policy not as a permanent tool regarding American economic power but as a negotiating tactic.  

The market is on a significant rebound after a slight readjustment. It’s a substantial rebound after the media said we were on the verge of Great Depression 2.0 in April. That was fake news. The market had nine straight days of gain, which has happened only eight times in 25 years. 

The Trump economy is coming together.

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UPDATE: It’s the United Kingdom (via NYT):

President Trump is expected to announce on Thursday that the United States will strike a trade agreement with Britain, according to three people familiar with the plans. 

Mr. Trump teased a new trade agreement in a social media post on Wednesday night, though he did not specify which nation was part of the deal. 

“Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” he wrote. 

A spokesman for the White House declined to comment beyond Mr. Trump’s post. A spokesman for the British Embassy in Washington did not respond to a request for comment.