President Trump met with Italian Prime Minister Giorgia Meloni at the White House, expressing confidence in reaching a trade deal with the E.U. before a 90-day tariff pause concludes. While Meloni cannot officially negotiate for the E.U., U.S. officials see her as a potential link to Europe. Concurrently, the European Central Bank reacted to global economic uncertainty by cutting interest rates. Trump also hinted at making progress with China amid ongoing tariff disputes, setting a light tone despite Japan's lack of agreement during previous discussions.
President Trump expressed optimism about a trade deal with the E.U., stating it would happen before the 90-day tariff pause ends, despite Meloni's negotiating constraints.
Amid economic uncertainty partly caused by U.S. trade policies, the European Central Bank cut interest rates as Trump claimed deals with China and E.U. were imminent.
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