Treasury Secretary Bessent Expects Trade Deals
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Treasury Secretary Scott Bessent said there could be “several large” trade deals announced in the next couple of weeks, adding that he expects Trump administration officials will meet with their Chinese counterparts again in-person to negotiate those tariffs.
Treasury Secretary Scott Bessent stated that President Trump doubts the quality of the EU's trade offers to the U.S. He expressed that the threat of a 50% tariff by June 1 is intended to intensify negotiations.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
Treasury Secretary Scott Bessent said Friday he hopes a new tariff threat from President Trump would speed along talks with the European Union (EU) regarding a new trade deal. In a Friday
The European Union’s top economic official, Valdis Dombrovskis, is scheduled to meet U.S. Treasury Secretary Scott Bessent on Thursday, at a gathering of economic policymakers in Canada. Dombrovskis said he would raise "trade points and the importance of making progress in EU-U.
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"So, if we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent said of ongoing trade talks.
Treasury Secretary Scott Bessent expressed optimism about continuing trade negotiations with Chinese officials after meeting in Geneva, with plans to meet again in the next few weeks to hash out a
Now they have a trade war problem to worry about again. Stocks and the dollar fell Friday after President Donald Trump brought the trade war back to the forefront with threats of massive tariffs against one of America’s most valuable companies and one of its most important trading partners.
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