Treasury Secretary Scott Bessent has indicated that significant trade agreements with several countries are expected to be finalized by this week’s deadline. However, he also noted that some nations may have until August 1 to reach an agreement. Bessent’s comments came during a press conference on Sunday, where he emphasized the urgency of the trade negotiations and the potential consequences of missing the deadline.
The Treasury secretary acknowledged that there is ongoing resistance from some countries, which has slowed down the negotiation process. He expressed confidence that the U.S. government will manage to secure these agreements before the deadline, which was previously set for this week. Bessent also mentioned that the agreements could have implications for global trade dynamics and economic stability.