United States Commerce Secretary Howard Lutnick announced on Tuesday that a new international trade deal has been successfully negotiated. Speaking in an interview with CNBC, Lutnick declined to name the partner country but confirmed that the agreement now awaits parliamentary approval in that nation. "All of the deals will be incredibly smart and incredibly thoughtful," Lutnick stated, emphasizing the strategic nature of recent trade initiatives.

One of the key outcomes, according to Lutnick, will be tariff relief for U.S. automakers. He highlighted that this measure is expected to catalyze what he described as the “greatest domestic resurgence in auto manufacturing in the next two years.” This move aligns with broader efforts by the administration to stimulate domestic industry and reduce supply chain vulnerabilities.

Turning to U.S.-China relations, Lutnick expressed confidence in Treasury Secretary Scott Bessent’s ability to finalize a trade agreement with Beijing. He noted that progress on this front remains a priority, but did not provide a specific timeline. The administration has been closely managing its strategy toward China amid ongoing economic and geopolitical pressures.

When asked about the state of the financial markets, Lutnick noted that President Donald Trump is not overly focused on short-term market fluctuations. Instead, he said, Trump is concentrating on the “big picture” — long-term structural improvements, trade frameworks, and national economic security. This perspective reflects the administration’s approach to maintaining strategic stability while pushing forward with targeted economic reforms.

The announcement of a new trade deal, coupled with upcoming tariff adjustments and negotiations with China, signals a busy trade agenda for the Trump administration in the months ahead. With emphasis on revitalizing key sectors like auto manufacturing and strengthening global partnerships, officials are aiming for sustained economic growth and industrial recovery.