Trump Says U.S. Doesn’t Need Trade Deals, Compares Economy to 'Super Luxury Store,' Rattling Markets

President Trump on Tuesday downplayed the urgency of signing trade agreements, according to CNBC. The president said the U.S. doesn't need to “sign deals” and likened the American economy to a “super luxury store,” according to comments made during a meeting with Canadian Prime Minister Mark Carney. The statement contradicts weeks of assurances from top White House officials, including Treasury Secretary Scott Bessent, who told CNBC Monday the U.S. is “very close” to securing bilateral agreements. Markets dipped Tuesday afternoon following Trump’s remarks, as investors grow increasingly anxious for concrete progress on trade talks with India, South Korea, and Japan amid economic headwinds from tariffs.