Trump to Announce a Hopefully Future Trade Deal With 12th Largest Trading Partner

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They political and financial media hypesters are at it again in a desperate attempt to keep the stock market and more importantly the bond market pumped up. President Trump went on Truth Social last night to announce the following:

For the record, the reason yours truly circled the portion of the message above is to reflect just how few users are actually on that platform compared to Twitter/X.

So which nation is our 12th largest trading partner by imports?

The UK Daily Mail has confirmed this information in a story this morning:

US trade deal to be announced TODAY: Trump tees up ‘major’ agreement – with hopes of tariff relief on cars, steel and pharma… but what has Starmer conceded?

This chart from the article above highlights a hint as to what might be surrendered by the UK:

In other words we’re shipping certain grades of cheap crude oil, LNG, and refined products and in exchange we receive mediocre cars that need towing and drugs. I realize this is an oversimplification and that the list is much more extensive, but before everyone gets all excited about his announcement at 10 a.m. this morning, remember what I wrote on X last night:

Since the question was asked within the thread from my posting above, I shall answer the question of what is a MoU per the definition from Investopedia:

In other words, President Trump is not actually announcing a full blown “trade deal” today, but the intent to hopefully finalize a framework for discussions about a trade deal with the United Kingdom. This means just more talks, not contracts, no treaties, and nothing that is written in stone; only the promise to talk about it.

Meanwhile, Secretary of the Treasury Bessent is having an “engagement” with his Chinese counterparts in Switzerland this weekend and the Chinese Embassy in the US stated as such.

If anyone thinks this moves the needle in the big picture, they are sadly mistaken. The bigger deals with our top five trading partners, primarily those nations which we import the most with, are far more critical for America’s economic stability.

Thus far instead of even a serious meeting with the top five, we’re just seeing social media posts about bigly phone calls and far flung unrealistic proposals. Hopefully this is resolved in the next 12 weeks or the United States faces a major economic crisis that no one is prepared for this upcoming winter.