Trump: Confident in Reaching Trade Agreement with EU, but Not in a Hurry to Do So, Spot Market Trading Volume Plummets [SMM Tin Morning News]

Trump: Confident in Reaching Trade Deal with EU but in No Rush to Finalize Agreement, Spot Market Trading Volume Declines [SMM Tin Morning News] Trump: Confident in Reaching Trade Deal with EU but in No Rush to Finalize Agreement. US President Trump, during his meeting with Italian Prime Minister Meloni, stated that he expects to reach a trade agreement with the EU but is in no hurry to finalize a tariff deal. "There will be a trade agreement," Trump said on Thursday, "I absolutely believe it will be reached, but it will be a fair deal." Trump did not provide a specific timetable for when the first agreements with trading partners requesting tariff reductions would be reached. He only mentioned that the agreements would be reached "at some point," and that countries must make concessions. "We are in no rush at all," he added, "Whether it's with Europe or other countries, reaching an agreement will not be difficult for us." Spot Market: Yesterday, the spot market gradually cooled down. Most traders reported that yesterday's trading volume was between 10-30 mt, with downstream and end-user customers showing reduced willingness to inquire. As prices rose, most companies began to adopt a wait-and-see approach.