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US Not Rushing Trade Deals Ahead of August Deadline, Will Talk With China, Bessent Says
UNITED STATES, JUL 21 – U.S. Treasury Secretary Scott Bessent emphasizes securing beneficial, high-quality trade agreements and using tariffs as leverage to pressure countries ahead of the August 1 deadline.
- Treasury Secretary Scott Bessent stated that China's reliance on Iranian and Russian oil will be a primary topic in upcoming trade discussions between the U.S. and China.
- Bessent mentioned that despite U.S. sanctions, China remains the top importer of Iranian oil and the second-largest importer of Russian oil.
- Bessent stressed that decreasing China's manufacturing dominance is crucial, noting that they control 30% of the global manufacturing market, which he believes cannot expand further.
82 Articles
82 Articles
Scott Bessent: "Washington is not in a hurry. In the negotiations Europe has started slowly but now it is more engaged." Ursula Von der Leyen on Thursday traveling to China, but difficult arrangements.The line is to deal with all things but without putting the weapon of retaliation. In the arm wrestling between Europe and the United States...
Bessent calls Aug. 1 ‘a pretty hard deadline’ on Trump tariffs
Treasury Secretary Scott Bessent on Tuesday said the Aug. 1 date set by President Trump for tariffs to hit countries that fail to negotiate deals with the U.S. is a “hard deadline.” Bessent during an interview on “Mornings with Maria” on Fox Business said countries without trade deals will be hit with the reciprocal tariffs…
Trump faces an Asia test: Deadline nearing, White House eyes trade deals India, Japan among others
With multiple deals still in flux and the August 1 deadline fast approaching, Trump’s trade agenda in Asia is nearing a critical test. While Washington seeks to extract concessions, its approach has sparked concern among partners
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