DOW, S&P 500, Nasdak slides before the Federal Reserve decision, where concerns of customs tariffs belong to

Treasury Secretary Scott Bessin said on Tuesday in Capitol Hill that new trade deals with the main partners can be announced as soon as possible this week.

“We have approached many of our commercial partners through very good offers, and we are re -negotiating it,” Bisin said, noting that the United States is currently holding talks with 17 out of 18 major trading partners, with the exception of China.

He added: “I will be surprised if we do not have more than 80 % or 90 % of those who concluded by the end of the year, and that may be closer to what I thought. Perhaps early this week, we will announce commercial deals with some of our biggest commercial partners.” “They came to us with very good offers.”

The Treasury Secretary said that he expected a “significant decrease” in the customs tariffs on American goods, as well as removing the non -carrier barriers, the guarantors to manipulate the currency, and support for support for investment in work and capital.

Bessent emphasized that trade is one of the broader economic agenda pillars, which it described as “three -legged stools” of trade, tax reform, and the abolition of restrictions. In general, he said that commercial negotiations are progressing quickly, as the House of Representatives is expected to send its part of the draft trade law to the Senate on the day of the anniversary, according to President Johnson.

He added that the record cancellation will take longer to influence the economy, but it expects to see meaningful benefits in the third and fourth quarters of this year and perhaps in its full impact compared to the same time in the past year.