US President Trump posts that the US trade deficit has been reduced by 78% because of the tariffs being charged to other companies and countries, adds it will go into positive territory during this year for the first time in many decades

Trump's assertion of a significant reduction in the US trade deficit highlights the administration's ongoing narrative around tariffs and trade policy.

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US President Trump is scheduled to deliver remarks on the economy at 16:00EST/21:00GMT on Thursday.

US-ASEAN Business Council says US and Indonesian companies signed trade and investment deals covering critical minerals, semiconductors, agriculture and forestry, while deals include a USD 4.89bln semiconductor joint venture involving Essence Global Group

US President Trump posts that the US trade deficit has been reduced by 78% because of the tariffs being charged to other companies and countries, adds it will go into positive territory during this year for the first time in many decades

US Southern Command Commander Donovan met with Venezuela's interim President Rodriguez and defence officials in Caracas

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If this is perceived as credible, it could bolster the USD and influence market sentiments around equities and commodities as investors reassess growth and inflation consequences.

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