Scott Bessent: Major Trade Deals on the Horizon, But Clock's A-Tickin'
Trade negotiations progressing: U.S. receiving favorable proposals, majority of agreements anticipated to wrap up by year's end (as per Bessent, Treasury).
Get ready for some big announcements in the world of trade, folx! US Treasury Secretary Scott Bessent has dropped a bombshell during his latest talk on Kudlow. According to Bessent, the US is currently in negotiations with a whopping 17 of its biggest trading partners, and these deals could be sealed as soon as this week!
Bessent confirmed that, while China is conspicuously absent from this list, negotiations are underway with the remaining 17 countries. He emphasized that these deals are, well, as fast as the roadblocks can be overcome. "The timing of trade deals will depend on our trade partners," Bessent explained, adding that he expects more than 80% of these deals to be signed, sealed, and delivered by the end of the year!
While Bessent continued to be tight-lipped on the specifics, he hinted that we could be witnessing announcements of major trade deals as early as this week. But, remember, keep your eyes peeled for those fine print details—the parties involved haven't been disclosed yet.
It's also worth mentioning that Bessent is slated to meet with Swiss President Karin Keller-Sutter and a high-ranking representative from China this week. However, these meetings aren't directly linked to the announcement of any finalized trade deals, but rather focused on broad economic discussions and follow-ups.
Intrigued? Us too! Let's ride this wave of potential trade announcements and hope for the best. After all, who doesn't like a little economic excitement, right? So stay tuned, folks, and watch this space! 📈💰💰💰
- Scott Bessent hints at major trade deals with 17 countries, surprising many in the economy, investment, and policy-and-legislation sectors.
- Bessent's revelation of impending trade deals has generated a buzz in the general news, with traders and investors keeping a close eye on market movements.
- Capital inflow could increase significantly if these trade deals materialize, potentially reducing the national deficit and boosting the overall economy.
- Kudlow's interview with Bessent has sparked discussions in politics, as the potential trade deals could have far-reaching implications for various industries and sectors.
- In the coming days, Bessent will be meeting with Swiss President Karin Keller-Sutter and a high-ranking Chinese representative, but it remains unclear how these meetings will impact the upcoming trade announcements.
- Despite the anticipation, it's essential to scrutinize the details of these potential trade deals, as the parties involved have yet to be disclosed.
