Treasury Secretary Scott Bessent sat down with Yahoo Finance’s Brian Sozzi on Tuesday to discuss tariffs, the bond market, and more.
“President Trump wants to be involved,” Bessent said about the trade negotiations during the 90-day additional reciprocal tariff pause.
He said that the administration is “in rapid motion” setting up a process for evaluating trade deals with the US’s largest 14 trading partners other than China.
“So in 90 days, are we going to have a complete document, a formal legal document, done and dusted? Not likely,” Bessent said. “But I think if we follow the process, we could have substantial clarity … on those 14 away from China in terms of agreements in principle. And then once we reach a level that we’ve agreed on, and they’ve agreed to lower their tariffs, lower their non-tariff barriers, currency manipulation, and subsidies of industry and labor, then I think we can move forward.”
Bessent continued that countries negotiating with the White House need to bring their “A game.”
发表回复