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Bessent: 'Several Large' Trade Deals in Next Few Weeks
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May 23, 2025
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1:58Now PlayingTreasury Secretary Scott Bessent said there could be “several large” trade deals announced in the next couple of weeks, adding that he expects Trump administration officials will meet with their Chinese counterparts again in-person to negotiate those tariffs.
“My sense is, over the next couple of weeks we’re going to have several large deals announced,” Bessent said in an interview with Bloomberg TV’s David Westin on Friday. Regarding China, he said “I expect that we will be negotiating in-person with them again.”
The remarks build on Bessent’s comments earlier Friday that he anticipates such deals will come ahead of the expiration of the 90-day pause on the steep “reciprocal” rates that President Donald Trump unveiled on April 2.
“These deals are moving quickly, and I think as we approach the end of the 90-day period, we’re going to see more and more of them announced,” Bessent said in an earlier interview with Fox News. “Many of the Asian countries have come with very good deals.”
Bessent said that most US trading partners have been negotiating “in very good faith,” and that the European Union is an “exception.” Trump earlier Friday threatened a 50% tariff on EU goods starting on June 1, saying “our discussions with them are going nowhere.”
Bessent said that most US trading partners have been negotiating “in very good faith,” and that the European Union is an “exception.” Trump earlier Friday threatened a 50% tariff on EU goods starting on June 1, saying “our discussions with them are going nowhere.”
Bessent said that most US trading partners have been negotiating “in very good faith,” and that the European Union is an “exception.” Trump earlier Friday threatened a 50% tariff on EU goods starting on June 1, saying “our discussions with them are going nowhere.”
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