Bank of American CEO says Trump trade deals will do a lot to ‘calm the market’

The White House is working to secure many commercial deals during the 90 -day president Donald Trump, but the general introductory conflict has increased the fluctuations of the American market. One of the leaders of the leaders of the American Bank has argued that the “plan” deal could do a lot to “calm the market”.

On Tuesday, White House press secretary Caroline Levitte said that the Trump administration now has “18 proposals on paper” for trade deals, but there is still a lot of anticipation when the deal actually occurs. Brian Mounehan, CEO of Bank of America, told Fox News that the announcement of the commercial deal will achieve two major goals for Trump.

“One is [a trade deal] It will give them [Trump administration] Moinhan said in the “Special Report” on Thursday:

“If the rumors are correct that some countries are closer, and there will be something, I think this will do a lot to calm the market because they will say that there is a way to solve this.”

The White House says the Trump administration has 18 commercial proposals on paper.

Trump’s tariff policies sent a shock through the American economy and global trade. The president put a 90 -day stand on the “liberation day” tariff he imposed on dozens of nations, with the exception of China. This temporary suspension was a sudden change of the session after he said that there would be no cessation of customs tariffs, only negotiations.

On the contrary, the Trump administration raised the bet on its tariffs on China to 145 %.

Now, the administration, including Trump, dives into negotiations with foreign countries to conclude useful deals for the United States and reduce the chronic trade deficit in the country.

The uncertainty about the definitions and commercial deals of Trump for some economists has decreased growth assumptions, but Moinhan has argued that the US economy is still in a “reasonable form”.

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Moinhan reaffirmed that the research team of America does not see stagnation on the horizon, but they see the economy “slowly slowing.”

“They see the economy slowly slowing, and this is where we should be careful. They still see positive growth, but you move from a 3 % growth rate in the third quarter from 24 to less than 1 % in this quarter … this is a great slowdown in a big economy.”

While the Trump administration has boasted about its transparency in political issues, Mounehan has argued that the Americans could not “reconcile how they all work together, and until this is separated, they are somewhat worried.”

Greg News Digital, Emma Callon, contributed to this report.