The agreements have been overshadowed by U.S. firms issuing warnings about how the tariffs will affect their bottom lines and prolong uncertainty in the U.S. economy.

President Donald Trump on Wednesday is expected to deliver remarks on AI in Washington. White House press secretary Karoline Leavitt is also scheduled to hold a press briefing at 1 p.m.The president also continues to face backlash from his MAGA supporters over his administration's handling of files related to the investigation into Jeffrey Epstein.

She was referring to Trump’s repeated claim that he has completed 200 trade deals — despite there being only 195 countries in the world. To emphasize the disconnect, Phillip rolled a series of clips showing Lutnick enthusiastically talking up the outcome of these alleged deals.

Philippine President Ferdinand Marcos Jr. is the first Southeast Asian leader to hold talks with Trump in his second term.

The EU and United States are closing in on a trade deal that would impose 15% tariffs on European imports, similar to the agreement U.S. President Donald Trump struck with Japan this week, the Financial Times reported on Wednesday.