US EditionUS Not Rushing Trade Deals Ahead of August Deadline, Will Talk With China, Bessent Says
UNITED STATES, JUL 21 – Treasury Secretary Scott Bessent emphasized focusing on securing beneficial, long-term trade terms over meeting the August 1 tariff deadline, with ongoing talks involving major U.S. allies.
- Treasury Secretary Scott Bessent stated that China's reliance on Iranian and Russian oil will be a primary topic in upcoming trade discussions between the U.S. and China.
- Bessent mentioned that despite U.S. sanctions, China remains the top importer of Iranian oil and the second-largest importer of Russian oil.
- Bessent stressed that decreasing China's manufacturing dominance is crucial, noting that they control 30% of the global manufacturing market, which he believes cannot expand further.
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28 Articles
(Washington = Yonhap News) Correspondent Jo Jun-hyung = U.S. Treasury Secretary Scott Besant said on the 21st (local time) that the U.S. will impose 'reciprocal tariffs' on each country on the 1st of next month...
US not rushing trade deals ahead of August deadline, will talk with China, Bessent says
The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs.
US Not Rushing Trade Deals, More Concerned With Quality: Bessent
The Trump administration is more concerned with the quality of trade agreements rather than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an Aug. 1 deadline for securing a trade deal or facing steep tariffs.
‘Quality’ deals are more crucial than Aug. 1 deadline: What the Trump team is saying about its tariff hikes
With less than two weeks to go before country-specific tariffs could rise sharply, the Trump administration is drawing a lot of questions about what’s ahead. Article Attribution | Read More at Article Source The post ‘Quality’ deals are more crucial than Aug. 1 deadline: What the Trump team is saying about its tariff hikes appeared first on RocketNews.
Colorado Politics
Washington ExaminerScott Bessent focused on ‘quality of the deal, not the timing’ on tariffs
Treasury Secretary Scott Bessent assured that the administration is more focused on “high-quality deals” for tariffs than reaching a deadline. President Donald Trump’s deadline for tariffs has been postponed twice. The current deadline is Aug. 1, but Bessent appeared on…
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