Treasury Secretary Scott Bessent said Tuesday that the U.S. is in the midst of negotiations with 17 of the country’s largest trading partners, and previewed a timeline for concluding those pending trade deals.
Bessent said in his testimony before the House Appropriations Subcommittee on Financial Services and General Government that the timing of trade deals “will be path dependent on our trade partners.”
“There are 18 very important trading relationships. We are currently negotiating with 17 of those trading partners. China – we have not engaged in negotiations with as of yet,” he said.
Previously: Despite their denials, China is losing the tariffs war and retreating as fast as it can.
We’ll see — this has a long way to play out.