Trump Claims Historic Trade Deal with EU
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TRADE DEAL:President Donald J. Trumpon Truth Social, "I had a great call with The President of the European Commission, Ursula von der Leyen. We discussed many topics, including that we are completely united that Iran can never have a Nuclear Weapon. We agreed that a regime that kills its own people cannot control a bomb that can kill millions. I've been waiting patiently for the EU to fulfill their side of the Historic Trade Deal we agreed in Turnberry, Scotland, the largest Trade Deal, ever! A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO! I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels. Thank you for your attention to this matter."STRAIT OF HORMUZ:In a post on Truth Social, President Trump, "Three World Class American Destroyers just transited, very successfully, out of the Strait of Hormuz, under fire. There was no damage done to the three Destroyers, but great damage done to the Iranian attackers. They were completely destroyed along with numerous small boats, which are being used to take the place of their fully decapitated Navy. These boats went to the bottom of the Sea, quickly and efficiently. Missiles were shot at our Destroyers, and were easily knocked down. Likewise, drones came, and were incinerated while in the air. They dropped ever so beautifully down to the Ocean, very much like a butterfly dropping to its grave! A normal Country would have allowed these Destroyers to pass, but Iran is not a normal Country. They are led by LUNATICS, and if they had the chance to use a Nuclear Weapon, they would do it, without question - But they'll never have that opportunity and, just like we knocked them out again today, we'll knock them out a lot harder, and a lot more violently, in the future, if they don't get their Deal signed, FAST! Our three Destroyers, with their wonderful Crews, will now rejoin our Naval Blockade, which is truly a "Wall of Steel."Meanwhile, The New York Timesthat Iranian officials said they are in talks with U.S. on a one-page proposal to reopen the Strait of Hormuz and end hostilities for 30 days while they try to reach a comprehensive peace settlement. Sources tell the Times' Farnaz Fassihi the plans has three main parts: the lifting of the U.S. blockade on Iranian ships and ports, the opening of the strait to commercial traffic, and an end to the fighting.PROJECT FREEDOM:Saudi Arabia and Kuwait have lifted restrictions on the U.S. military's use of their bases and airspace and the Trump administration is now looking to restart "Project Freedom" to guide commercial ships with naval and air support, which it had paused after 36 hours this week, U.S. officials told's Lara Seligman, Summer Said, Shelby Holliday and Costas Paris.NVIDIA CHIPS:A firm linked to Thailand's national AI initiative is suspected of helping smuggle billions of dollars' worth of Super Micro Computerservers containing advanced Nvidiachips to China, Bloomberg's Mackenzie Hawkins and Kari Soo Lindberg. Some of the $2.5B worth of servers sold to OBON allegedly went to Alibaba, according to people familiar with the matter. "Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question," a spokesperson for the Chinese company said. "We have no involvement in the alleged smuggling activities. We do not currently use, and have never used, any banned Nvidia chips at our data centers."CHINA TRIP:The Trump administration is planning to bring executives from major companies including Nvidia, Apple, Exxon, Boeing, Qualcomm, Blackstone, Citigroup, and Visaon the president's trip to China next week, with additional CEOs expected to seek invitations in the coming days, Semafor's Liz Hoffman.
