Tue Apr 29 20:00:00 UTC 2025: ## Trade Deal Imminent, Says Commerce Secretary
**Phoenix, AZ –** Commerce Secretary Howard Lutnick announced Tuesday that the Trump administration has reached a preliminary trade agreement with an unnamed country. While the deal is not yet finalized, pending parliamentary approval, Lutnick expressed confidence that it would be completed shortly. His announcement sent the stock market to its session highs, reflecting Wall Street’s eagerness for positive trade news.
Lutnick clarified that this deal is separate from ongoing negotiations with China, which fall under Treasury Secretary Scott Bessent’s purview. He emphasized his focus on securing trade agreements with other nations.
The news comes almost a month after President Trump implemented widespread tariffs, many of which have been temporarily suspended for 90 days. While the administration has stated numerous countries have expressed interest in reaching deals, this marks the first publicly acknowledged agreement. Speculation points to Japan, South Korea, or India as potential partners.
The uncertainty surrounding tariffs has created market volatility and eroded business and consumer confidence. Lutnick’s announcement, however, provided a much-needed boost to market sentiment after recent downturns. The Secretary’s comments were made during a visit to an Arizona semiconductor factory, highlighting the administration’s focus on boosting domestic manufacturing through its trade policies.
First Piper 