US Treasury chief says key trade deals may come by September
US Treasury Secretary Scott Bessent said on Friday that Washington could reach key tariff deals with over a dozen partners in the coming months and have its trade agenda wrapped up by early September.
His comments to Fox Business come ahead of a July 9 deadline for steeper US duties to kick in on dozens of economies.
Countries have been rushing to negotiate and reach trade pacts with Washington to avoid this outcome, although the White House recently suggested that President Donald Trump's administration could extend this deadline.
On Friday, Bessent noted that Commerce Secretary Howard Lutnick has expressed expectations for 10 deals with trading partners.
The Treasury chief reiterated that there are 18 key partners the United States is focusing on agreements with.
'If we can ink 10 or 12 of the important 18, there are another important 20 relationships, then I think we could have trade wrapped up by Labour Day,' Bessent said. That holiday falls on September 1.
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US Treasury chief says key trade deals may come by September
US Treasury Secretary Scott Bessent said on Friday that Washington could reach key tariff deals with over a dozen partners in the coming months and have its trade agenda wrapped up by early September. His comments to Fox Business come ahead of a July 9 deadline for steeper US duties to kick in on dozens of economies. Countries have been rushing to negotiate and reach trade pacts with Washington to avoid this outcome, although the White House recently suggested that President Donald Trump's administration could extend this deadline. On Friday, Bessent noted that Commerce Secretary Howard Lutnick has expressed expectations for 10 deals with trading partners. The Treasury chief reiterated that there are 18 key partners the United States is focusing on agreements with. 'If we can ink 10 or 12 of the important 18, there are another important 20 relationships, then I think we could have trade wrapped up by Labour Day,' Bessent said. That holiday falls on September 1.
