Business

Trump Declares: The US Doesn't Need Trade Deals, Others Do

Trump's Bold Statement on US Trade Policy

US President Donald Trump made a striking comment on Tuesday, urging the press to cease inquiries about the number of trade deals the country has signed. "We don't have to sign trade deals," Trump asserted, emphasizing that the US is "losing nothing" by not engaging in trade with China.

A Luxury Store Analogy

Trump likened the US to a "super luxury store" that doesn't need to sign deals, suggesting that other nations are the ones eager to secure agreements. "They want a piece of our market. We don't want a piece of their market ... We'll put down some numbers for countries to pay for the privilege to shop here," he elaborated.

International Trade Proposals

Adding to the discourse, US Treasury Secretary Scott Bessent disclosed that 17 countries, excluding China, have presented "very good trade proposals," indicating a shift in global trade dynamics.