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Bessent says US could announce trade deals with some countries this week

  • U.S. Treasury Secretary Scott Bessent indicated that the administration may finalize significant trade agreements with major trading partners within the coming days in Washington, 2025.
  • These potential agreements arise after President Trump imposed sweeping tariffs starting April 2, 2025, which prompted many countries to make offers amid ongoing tensions with China.
  • Bessent detailed that the U.S. is actively negotiating with 17 of its 18 important trading partners, aiming to reduce tariffs, currency manipulation, and subsidies to restore fair trade.
  • He noted that the United States is engaged in trade discussions with nearly all of its 18 key trading partners and anticipates that between 80 and 90 percent of agreements will be finalized by the end of the year.
  • If concluded, these deals could reshape global trade dynamics, support high-paying U.S. manufacturing jobs, and signal progress despite unresolved issues with China and tariff cost debates.
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Zero Hedge broke the news in United States on Tuesday, May 6, 2025.
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