US Treasury Secretary Scott bet He said on Tuesday that the Trump administration could announce Commercial agreements With some of the largest trade partners in the United States early this week, it has not given any details about the countries that have participated.
He said that the administration was negotiating with 17 major commercial partners, but it has not yet participated with China, the second largest economy in the world after the United States.
He said that many commercial partners have made very good offers and Trump officials were now “Re -Unification”.
“I expect to see a significant decrease in the definitions that are being shipped, as well as barriers other than fire, manipulation of currency and subsidies, investment of work and capital alike,” said the House of Representatives ’credit committee.
US President Donald Trump and senior officials participated in a group of meetings with trade partners since the President imposed a 10 % tariff on most countries, as well as high tariff rates for many trade partners who were suspended for 90 days. The US President also imposed a 25 % tariff on cars, steel and aluminum, 25 % of the customs tariffs on Canada and Mexico, and 145 % tariffs on China.
China responded with increased tariffs on American goods to 125 %. The Greater European Union official said on Tuesday that the 27 countries were preparing for counter -measures if a trade deal was not reached with Washington, adding that it was contacted by other countries seeking to formulate closer trade relations with the European Union.

Pesin said about 97 % or 98 % of the American trade deficit was with about 15 countries, most of which were major commercial partners, and the discussions were going well with many.

Get national news
As for the news that affects Canada and around the world, he participated in the urgent news alerts that were delivered directly when it occurs.
He said: “I will be surprised if we have no more than 80 or 90 % of envelopes by the end of the year, and this may be urgent.” “I think it may be early this week, we will announce commercial deals with some of our biggest business partners.”
Pesin faced questions from Democrats in the House of Representatives about Trump’s identification policies, including actor Mark Bokan from Wisconsin, who has repeatedly pressed and repeatedly on the payment of customs tariffs and speaking at investor conferences instead of focusing on influencing small business owners.
“At the present time, we are exposed to nams and the left because of the indiscriminate use of definitions. This is the reality on the main street,” said Bokan.
Bessent replied that he met more than 50 small lenders.
He also retracted questions about a possible American stagnation, saying that the data did not show a contraction and expected that the trade management data that appears in the first quarter to the top will be reviewed.

The Ministry of Commerce stated last week that the gross domestic product decreased by an annual rate by 0.3 % in the last quarter, according to the first shrinkage in three years.
Trump and senior officials, who are closely monitoring negative emotions in the financial markets, expect to announce the commercial deal for weeks. On Sunday, Trump told the correspondents that some commercial deals could come this week, but there were no details.
The main indexes of Wall Street fell on Tuesday as investors tried to move in uncertainty surrounding the tariffs, while awaiting the interest rate of the Federal Reserve this week.
Administration officials have suggested that India and Japan may be the first country to sign a commercial agreement to reduce the customs tariff rates threatened by Trump. Trump told the newspaper television network last week that he had “possible” trade deals with India, South Korea and Japan.
Bessin’s comments on the lack of negotiations with China came after Trump said on Sunday that he had no plans to speak with Chinese President Xi Jinping this week, but US officials were talking to Chinese officials about “different things”.
In an interview with NBC News Broadcast on Sunday, Trump admitted that he was “very difficult with China”, and he mainly reduces trade between the best economy in the world, but he said that Beijing now wanted to reach an agreement.
He said at that time: “They want to make a deal. They want to make a deal very badly. We’ll see how all this turns, but it must be a fair deal,” he said at the time.
https://globalnews.ca/wp-content/uploads/2025/05/CP174515765-e1746554461857.jpg?quality=85&strip=all&w=720&h=379&crop=1
Source link