US to announce several trade deals within days: Bessent
US Treasury Secretary Scott Bessent, in the coming days, predicted a few major announcements, to make a few trade agreements before 9 July, when higher tariffs began.
BESSENT reported that the US President Donald Trump’s administration would send letters to 100 small countries where the United States did not have too much trade, and that they would first encounter higher tariff rates set on April 2 and then be suspended until July 9th.
“President Trump says that if you do not move something to some of our trade partners, you will return to your tariff level on August 1st. I think we will see a very quick agreement,” he said.
Bessent rejected that August 1 was a new deadline for negotiations.
“We say this is when it happens. If you want to accelerate something.
US Treasury Chief, the administration of the US trade deficit of 95 percent of 18 important trade partners, he said.
However, a trade agreement among countries said that there was “too much feet” in the closure.
He refused to name countries close to a trade agreement and added, “Because I don’t want to get them out of the hook,” he added.
Trump said that India was close to signing an agreement and expressed the hope that an agreement with the European Union would be reached while arousing a doubt about an agreement with Japan.
Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday and aims to reduce the trading surplus of 46 billion dollars ($ 70 billion) in five years in five years to prevent steep US tariffs of Thailand and USA.
If a decrease before July 9 could not be negotiated, the US threatened to implement a 36 percent tax for imports from Thailand.
Pichai, Thailand’s 10 percent of the best status of 10 percent forced 10 percent, he said.
In the report, Pichai said he expected to submit the revised offer before 9 July.
Since his time, the US President has launched a global trade turmoil, which has long financial markets and struggles to protect their economies, including agreements with the US and other countries.
On April 2, Trump announced a 10 percent base tariff ratio and additional amounts for most countries with up to 50 percent.
The news has revealed financial markets and asked Trump to suspend all except 10 percent of the base rate for 90 days, but he allowed more time for negotiations to secure agreements, but proved that the process was more difficult than expected.
This period ends on July 9, but on Friday, Trump said that tariffs could be even higher – up to 70 percent – most of them will come into force on August 1st.
Bessent asked 70 percent, returned to the April 2 list, but it did not contain such high rates.
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