U.S. Treasury Secretary Scott Bessent hinted at confidence in the speed of trade negotiations and the stability of U.S. financial markets despite recent volatility in bonds and the dollar. The Trump administration is racing to lock in multiple agreements within a tight 90-day window.
In an interview on Monday with Bloomberg’s Annmarie Hordern during his visit to Buenos Aires, Bessent outlined a fast-moving agenda aimed at reshaping global trade relationships while maintaining a harder-line stance on China. He rejected claims that steep trade tariffs are a “joke.”
Fast-Tracking Trade, Starting With Allies
Bessent said the White House is entering a new phase of trade talks following a “90-day pause” ordered by Trump to set the stage for wide-ranging negotiations.
“We’re setting up a process and we are going to run that process. It’s going to be orderly,” Bessent said, noting the administration had already met with Vietnamese and Japanese officials and will continue with South Korea and Spain this week.
The goal is to finalize “agreements in principle” with a wide number of trading partners before the 90-day window closes. Bessent suggested that early movers could gain more favorable terms.
“Usually, the first person who makes a deal gets the best deal,” he said.
While much attention is focused on tariff levels, Bessent said the real challenge …Full story available on Benzinga.com
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