Published Date: 06.05.2025 11:57 / Politics

U.S. Plans Trade Deal With Top 10 Economy

U.S. Plans Trade Deal With Top 10 Economy

United States Commerce Secretary Howard Lutnick has announced that new international trade agreements are in the pipeline, though specific details remain scarce. In a televised interview with Fox Business, Lutnick said the country “will get some trade deals pretty soon,” and suggested that the first of these should be with a “top 10 economy.”

Without naming potential partners, Lutnick's comments signal a push by the Trump administration to prioritize high-impact economic relationships as it revisits global trade frameworks. The secretary did not clarify which economies were being considered for the initial deal or the scope of the potential agreements.

When asked about trade relations with Canada, Lutnick declined to share details, describing the relationship as “really complex.” He added that the current United States-Mexico-Canada Agreement (USMCA) remains in effect and continues to govern trade activity between the three nations.

Lutnick also questioned the potential outcome of an upcoming meeting between President Donald Trump and Canadian Prime Minister Mark Carney. While no specific agenda for the meeting has been disclosed, speculation suggests that trade and economic policy could be central themes.

The comments come as the Trump administration pursues a broader economic strategy centered on securing favorable trade terms and reducing reliance on foreign markets seen as strategically sensitive. By focusing on partnerships with leading global economies, the administration aims to reinforce the United States' economic position on the world stage.

Further announcements regarding concrete deals or partners are expected in the coming weeks as negotiations progress behind closed doors.