Bessent on trade talks: 80-90% of trade deals to be concluded by end of year

Treasury secretary Scott Betting: Tuesday said that the United States is in talks with the largest foreign partners in the country and prevailed the schedule to sign the expectant commercial transactions.

In his testimony, Batetent said in his testimony, the Subcommittee on Financial Services and the General Government, which will depend on our trade partners. “

“There are 18 very important commercial relations. We are currently negotiating with 17 of these trading partners. China – We have not been negotiating yet, “he said.

“Our 97% or 98% Trade deficit It is with 15 countries, 18% of the countries are large trade partners, and I will be surprised if there are no more than 80% or 90% of those graduated by the end of the year, “said Beyerent.

Trump 2.0 moves faster and hits the tariffs, which is said to the former secretary Wilbur Ross

Secretary of Treasury Scott Best said the United States was negotiated with major trade partners. (Photo: Andrew Harerstation / Getty Images)

“And it can be much sooner, I would think that early this week we will announce trade transactions with some of our largest trade partners.

Bate continued to say that before the tariffs imposed by the President Donald Trump They were mixed with US trade partners, and they also helped to emphasize tariff and non-tariff barriers, which have those countries on the spot.

Buffett criticizes Trump tariffs Rollout says US should not use “trade as weapons”

President Donald Trump tariffs were frayed in financial markets and created economic uncertainty before the talks were leaving. (Chip Somodevilla / Getty Images / Getty Images)

“They have come to us with very good offers, and what I will tell you it is, they can like them to negotiate with some of them.

“I expect we can see a substantial Reduction of tariffs That we are charged, as well as non-tariff barriers, monetary manipulation, both labor and capital investment subsidies. So it’s going very well, “he added.

Get Fox Business Go by clicking here

Bessent’s remarks come after the Tramper told reporters that his leadership could announce certain trade transactions this week without making details.