The Blubber

President Trump’s top trade advisor, Peter Navarro, said Thursday that more trade agreements are on the horizon—but urged the public to remain patient.

“There will be many more to come, and we hope they will come as quickly as this one,” Navarro told reporters outside the White House. “Just be patient with us, if you can.”

Earlier in the day, the Trump administration announced its first trade deal since unveiling sweeping global tariffs last month—an agreement with the United Kingdom.

Navarro said the UK agreement “offers a template for how we’re going to proceed with the rest of the negotiations.”

The U.S. still has over a hundred trade agreements to finalize before the current 90-day tariff pause expires on July 8. Once that deadline passes, tariffs of up to 50% are scheduled to hit dozens of countries.

Navarro also cautioned nations against retaliating with tariffs of their own.

“Any country which retaliates against the United States, which is simply trying to get fairness, is making a great mistake,” he said.

U.S. stocks climbed Wednesday after President Donald Trump announced a trade agreement with the United Kingdom during a White House press conference.

The Dow Jones Industrial Average jumped 650 points, or 1.59%. The S&P 500 rose 1.56%, while the Nasdaq Composite advanced 2%.

Markets pushed higher as Trump struck an upbeat tone about upcoming negotiations with China. Stocks initially seesawed following the UK trade deal announcement, but gained momentum after Trump said he was anticipating a “good weekend” of discussions with Beijing.

The president also encouraged investors to act. “You better go out and buy stock now,” Trump said. “This country is going to take off like a rocket ship.”

Wall Street remains focused on the future of tariffs, and investors are closely watching the fine print of any trade agreements.