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ATTENTION: U.S. Treasury Secretary says negotiations with countries on tariffs must exceed 90 days!!!📝📄📊📈😃😎🤔
📄 Bessent stated that it is unlikely that the talks will be concluded before the end of the suspension period of Trump's tariff. The U.S. Treasury Secretary, #Bessent , stated today that not all negotiations regarding import taxes of the government of #Trump with other countries will be concluded within the 90-day suspension period of the American president's "reciprocal tariffs".
📝 The suspension applies not only to China, whose products are currently taxed at 145% when entering the American market.
📝 In an interview with Yahoo Finance, he stated that it is unlikely that #EUA will conclude discussions with its largest trading partners regarding tariffs.
There are 15 major trading partners. Leaving China aside, there are 14 left, and we are moving quickly and establishing a process for the 14 largest trading partners, most of whom have very large deficits. So, in 90 days, will we have a complete document, a formal legal document ready and finalized? Unlikely — said the secretary to Yahoo Finance.
He continued.
But I think that if we follow the process, we may have substantial clarity on these 14, excluding #China , in terms of agreements in principle. And then, once we reach a level we have agreed upon, and they have agreed to reduce their tariffs, non-tariff barriers, currency manipulation, and industry and labor subsidies, then I believe we can move forward.
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