US to make several trade announcements in next 48 hours, Treasury secretary says
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US to make several trade announcements in next 48 hours, Treasury secretary says
Treasury Secretary Scott Bessent says the U.S. will make several trade announcements in the next 48 hours. President Donald Trump said the United States would start delivering tariff letters from 12:00 pm ET (1600 GMT) on Monday. The letters would not necessarily provide an ultimatum, according to BessENT. He said he would meet with his Chinese counterpart in thenext couple of weeks.
WASHINGTON, July 7 (Reuters) – The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday, ahead of a U.S. deadline on Wednesday to finalize trade pacts.
“We’ve had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lot of new proposals,” Bessent said in an interview with CNBC. “So it’s going to be a busy couple of days.”
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President Donald Trump said the United States would start delivering tariff letters from 12:00 pm ET (1600 GMT) on Monday.
The letters would not necessarily provide an ultimatum, according to Bessent.
“It’s just ‘thank you for wanting to trade with the United States of America. We welcome you as a trading partner, and here’s the rate, unless you want to come back and try to negotiate,'” he said.
Bessent declined to comment on whether negotiations on new ownership of the TikTok short video app, which President Donald Trump said would start this week, would be linked to trade talks.
He said he would meet with his Chinese counterpart in the next couple of weeks.
“I think there are things for us to do together if the Chinese want to do it, so we will discuss whether we are able to move beyond trade into other areas,” he told CNBC.
Reporting by Susan Heavey and Doina Chiacu; Editing by Katharine Jackson and Bernadette Baum
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US set to announce multiple trade moves within 48 hours
Treasury Secretary Scott Bessent says the U.S. is poised to make several significant trade announcements within the next 48 hours. The deadline to finalize trade agreements is Monday at noon ET. President Donald Trump previously stated that the United States would begin sending out new tariff letters.
Bessent noted a surge in proposals from negotiating partners: “My mailbox was full last night with a lot of new offers, a lot of new proposals… It’s going to be a busy couple of days,” News.Az reports, citing Reuters.
President Donald Trump previously stated that the U.S. would begin sending out new tariff letters starting at noon ET on Monday. According to Bessent, the letters will not function as ultimatums but will lay out new tariff terms while leaving the door open for continued negotiations.
“These letters simply say: ‘Thank you for wanting to trade with the United States. Here’s the rate — unless you’d like to come back and negotiate,’” Bessent explained.
While he declined to confirm whether the upcoming negotiations over the ownership of TikTok would be linked to broader trade discussions, Bessent did reveal plans to meet with his Chinese counterpart in the coming weeks, suggesting that future talks may expand beyond trade.
“We will discuss whether we are able to move beyond trade into other areas,” he said.
News.Az