Bessent on commercial conversations: 80-90 % of commercial deals that will conclude by the end of the year

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Treasury Secretary Scott bet He said on Tuesday that the United States is in the midst of negotiations with 17 of the country’s largest commercial partners, and has offered a schedule to conclude those suspended commercial deals.

Besin said in his testimony before the sub -committee of the parliament’s credits for financial services and the public government that the timing of commercial deals “will depend on our commercial partners.”

“There are 18 very important trading relationships,” he said. “

“About 97 % or 98 % of trade deficit “With 15 countries, 18 % of countries are major commercial partners, and I will be surprised if we do not have more than 80 % or 90 % of the one that concluded by the end of the year.”

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Scott Beesen in the White House press briefing

Treasury Secretary, Scott Payette, said that the United States is in the midst of negotiations with the main commercial partners. (Andrew Harnik / Getty Embers / Geti Em.

“It might be much closer, I think it may be early this week, we will announce commercial deals with some of our biggest commercial partners.

Bessent continued to say that while the definitions imposed by the president Donald Trump We have struck commercial partners, and they also helped emphasize the and non -transmission barriers that these countries have.

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President Donald Trump’s tariff was exposed to financial markets and created economic uncertainty, while negotiations are playing. (Chip Somodevilla / Getty Images / Getty Images)

“They came to us with very good offers, and what I will tell you about is that, when negotiating with each other, they may not like the tariff wall of President Trump. But they have, so if the definitions are very bad, then why do they love them? After that, we can see that it is a practical issue and from academic research, they are not circulating factors.”

“I expect to see great Decrease We are imposed on us, in addition to non -fire barriers, currency manipulation and subsidies in both employment and capital investment. This is very forward. “

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Bessent’s comments come after Trump on Sunday told reporters that his administration may announce some commercial deals this week, without providing details about the countries that may participate.



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