Bessent Hopeful EU, U.S. Trade Talks Progress Faster

Bessent hopeful EU, U.S. trade talks progress faster

“Reuters reported that EU and U.S. trade chiefs held talks this afternoon following President Donald Trump's recommendation of 50% tariffs on EU goods starting June 1,” Nick Paumen of CHS Hedging said. “Treasury Secretary Bessent said he hopes this will…

Bessent sees ‘several large’ US trade deals in next few weeks

Trade officials are expected to meet in-person to negotiate those tariffs. Read more at straitstimes.com.

Bessent sees ‘several large’ trade deals in next few weeks

The US treasury secretary said that most US trading partners have been negotiating “in very good faith”, and that the European Union is an “exception”.

“Many of the Asian countries have come up with very good agreements,” said the U.S. Treasury Secretary in relation to the negotiations. Read more

According to the US Treasury Secretary, many of the Americans' main trading partners are negotiating in "good faith", which is not the case with the European bloc.