"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

Details are still scarce on the agreement, which the president said will partly walk back some of the steep tariffs he threatened on the country last week.

EU trade chief Maros Sefcovic will head to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.

Trump's trade war boosts gold's safe-haven appeal. Explore why Northern Star & Equinox Gold are standout 'buy the dip' picks with strong growth potential!

The White House keeps insisting that inflation is a thing of the past. The latest Consumer Price Index numbers help prove otherwise.