U.S. Treasury Secretary Bessent: The Quality of Trade Agreements Matters More Than Their Timing

Odaily Planet Daily News: U.S. Treasury Secretary Bessent stated that trade negotiations are currently underway, and he is more concerned with reaching a high-quality agreement than with completing the deal by August 1. Bessent noted that they are not in a hurry, though it is conceivable that the EU would prefer to negotiate more quickly; at the very least, the EU is now more engaged. His top priority at present is to secure the best possible agreement for the U.S. (regarding the Japan issue). Some analysts believe that Bessent’s remarks suggest that there may be another round of “delaying tactics” by August 1, so it remains to be seen. Meanwhile, regarding the Powell issue, Bessent commented, “Ultimately, it is Trump’s decision on Powell.” He then added that they need to view the Federal Reserve as an institution as a whole. (Jin10)