U.S. President Donald Trump on Tuesday stateside announced that he had completed a “massive Deal” with Japan, that involves “reciprocal” tariffs of 15% on the country’s exports to the U.S. In a post on Truth Social,

Trade deal optimism lifted world stocks to fresh record highs on Thursday, ahead a raft of global economic data, the European Central Bank’s pre-summer break interest rate meeting and an unexpected trip to the Fed by U.

The agreements have been overshadowed by U.S. firms issuing warnings about how the tariffs will affect their bottom lines and prolong uncertainty in the U.S. economy.

She was referring to Trump’s repeated claim that he has completed 200 trade deals — despite there being only 195 countries in the world. To emphasize the disconnect, Phillip rolled a series of clips showing Lutnick enthusiastically talking up the outcome of these alleged deals.

President Donald Trump is expected to travel to Scotland in his 27th week back in the Oval Office, as well as continue ironing out trade deals ahead of the Aug 1 deadline.

US President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr. following a meeting Tuesday at the White House, that will see the US slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there.

The European Union plans to quickly hit the US with 30% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug.