Bessent: I think we are very close to some trade deals

Reminder, on Thursday, White House economic advisor Kevin Hassett said “I’m sure there will be news by the end of the day” on a tariff deal. We’re still waiting.

Bessent:

• Trading deals maybe as early as this week
• I’m highly confident that 17 trading partners excluding China have presented with very good trade proposals
• We could see more frictionless trade from these negotiations
• Could see substantial progress with China in the coming weeks

In a perfect world, this would all result in very low tariffs between the US and the world but you have to have a great deal of faith to make that call at this point.

This article was written by Adam Button at www.forexlive.com.