US Treasury Secretary Bessent said that trade negotiations with the European Union are progressing. The US side has bargaining chips during negotiations with the European Union. Trade negotiations are in their final stages, and the next 72 hours will be “very crowded.”
“We are close to reaching several trade deals.” A few big announcements are likely to be made in the next two days (couple days). The trade negotiations focus on 18 countries, which account for 95% of the US trade deficit.
According to media reports, India and the US may decide on a “small” trade deal in the next 24-48 hours.
Bessent said that the trade letters sent by President Trump to various countries include the August 1 deadline. At that time, countries that have not reached an agreement with the US will once again face the April tariff rate.
