Trump: It is' entirely possible 'to reach a trade agreement this week

BlockBeats News: On May 5th, US President Trump hinted to reporters last Sunday that his administration may reach trade agreements with some countries "as early as this week", bringing a glimmer of hope to trading partners seeking to avoid high US tariffs. When asked if there would be a trade agreement reached this week, Trump replied "completely possible," but did not specify which countries were involved. He further stated that tariff standards will be directly set in the next two to three weeks: "Some countries have huge trade surpluses with the United States and are taking advantage of us in various ways, and we are well aware of this." US Vice President Vance revealed that the agreement with India may be one of the first outcomes, and negotiations with Japan, South Korea, and Europe are also underway. Despite the recent consecutive gains in the US stock market and last Friday's better than expected employment report boosting economic confidence, most economists predict that trade conflicts may lead to an economic slowdown later this year. Legendary investor Buffett rarely criticized protectionist policies over the weekend: 'Trade should not be a weapon.'