US Treasury Secretary Prioritizes Quality in Trade Deals

In a recent interview with CNBC, United States Treasury Secretary Scott Bessent highlighted the importance of securing high-quality trade agreements over rushing into deals. Bessent emphasized that while progress is being made in negotiations set to conclude by August 1, the focus remains on the substance of these agreements.

Engagement with the European Union

Addressing the ongoing discussions with the European Union, Bessent noted the bloc's increased engagement and desire to accelerate talks. He expressed optimism that the situation between the US and the EU could remain constructive, avoiding any negative escalation.

No Comment on Potential Tariff Reports

Bessent chose not to comment on reports suggesting President Trump's interest in imposing a baseline tariff of 15% to 20% as part of future trade deals. This decision underscores the administration's cautious approach to public statements on sensitive trade matters.