US trade deals may be wrapped up by September: Bessent
US Treasury Secretary Scott Bessent, US President Donald Trump’s management and trade agreements between other countries can be made with the holiday of 1 September Labor Day.
On Friday, Bessent met with new revisions aimed at accelerating Rare Earths shipments with an agreement with 18 main United States Trade Partner and China.
The United States sent a new offer to the European Union on Thursday, and India sent a delegation to the Washington DC for more talks.
Fox Business Network, Bessent, said, “So we have countries approaching us with very good opportunities,” he said.
“We have 18 important trade partners.… If we can ink 10 or 12 of the important 18, there are 20 other important relationships, then I think we can trade until the Labor Day,” he said.
He did not mention any changes on July 9 to reach agreements with the United States of the United States or to reach a higher increase in tariffs, but he said that countries that had previously negotiated in good faith could get an agreement.
Trump said to journalists at the White House on Friday that he could prolong the tariff deadline or “shorter” and added that he would report the tariff rates of their countries within one and a half.
Orum I want to send a letter to everyone: congratulations. You pay 25 percent, Tr Trump said in a distinct joke.
Bessent said that the US and China have directed the shipments of China rare land minerals and magnets to the USA and changed an agreement in Geneva in May.
As part of retaliation against new US tariffs, China has suspended the export of a wide range of critical minerals and magnets by raising the supply chains in the center of car manufacturers, aviation producers, semiconductor companies and military contractors in the world.
During the US-China negotiations in the United States in May, China has committed to abolish measures since April 2, but these critical materials did not move as fast as it was decided, Bessı Bessin said, so the United States fulfilled counter measures.
Bessent, “Now – I’m sure that the magnets will flow as it is accepted,” said Bessent, said that these materials will go to the US companies who have previously received regularly, he added.
Trump management officials did not explain the details of the last agreement, which was reached at the beginning of this week.
The efforts to resolve the dispute included a telephone conversation between Trump and Chinese President Xi Jinping, as negotiators tried to end a trade war among the world’s largest economies, led to meetings in London.
The Chinese Ministry of Commerce said that on Friday, the two countries confirmed details about the implementation of the Union of Geneva Trade negotiations.
China, controlled substances will approve export applications in accordance with the law, he said.
He did not mention the rare worlds.
According to an industrial source, China has binary usage restrictions in rare soils that take “very seriously” and explores receivers to ensure that materials are not directed for US military use.
This slowed down the licensing process.
Indian government resources told Reuters, a trade delegation from the new Delhi on Friday, returned to Washington DC on Friday, aiming to erect a limited US trade agreement before the deadline for July 9.
Trump management officials often count India among the countries where trade talks are at an advanced stage with Japan.
However, Early optimism on a simple agreement to reduce India’s high tariffs, Indian officials with direct information, the US has hit barricades on disputes on import tasks for car parts, steel and farm goods.
Trump said that his administration wanted to make an agreement with India that “lower full trade barriers”.
“I’m not sure that this happens, but we’ve accepted it from this moment – go to India and trade,” Trump said.
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