The US Treasury Secretary, Scott Besent, appeared in the news on Tuesday after the conclusion of the last round of commercial conversations between the US and China. Despite the insistence that progress is being made, little has been completed so far in terms of commercial conditions consolidated in the prelude to the self -imposed deadline of August 1 by the Trump administration for global reciprocal tariffs.
Treasure Secretary Besent helped sow the idea of another postponement of tariff It has not yet materialized despite months of tariff threats by President Donald Trump.
Outstanding aspects
Trump will make the final decision on the deadline of August 12.
Commercial meetings between the US and China are “robust.”
USA continues to perfect “rare earth systems”.
USA has advanced in rare earths.
The US urged China to work in the re -quilibrium of the economy, moving towards a consumer economy.EU trade and EU investment agreement will be monitored closely.
It would be surprising if the EU does not comply with the agreement.
Besent assumes that the commercial agreement between the US and the EU is confirmed.It is not the end of the world if tariffs are reimposed for days or weeks while countries try to negotiate.
Happy to make agreements before the deadline of August 1, or we can simply have income from tariffs.
I don’t know where we will be in 90 days.
The good news is that we are talking and we have communication at all levels.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
