Treasury Secretary Scott Bessent wouldn’t say Wednesday which nations the U.S. may strike commerce offers with as quickly as this week when pressed throughout testimony.
Rep. Nydia Velázquez (D-N.Y.) pressed Bessent as he testified earlier than the Home Monetary Providers Committee about his latest remarks indicating the U.S. may announce commerce offers with some companions as quickly as this week.
“So tell us, tell the American people, tell small businesses and consumers, tell retirees specifically, which countries are you close to striking deals with?” Velázquez requested Bessent through the listening to.
Bessent insisted that doing so “would not benefit the United States” and “that it would be detrimental to the interest of the United States for me to answer that question.”
Bessent stated answering the query may compromise ongoing negotiations, noting that talks “may still be in process.”
“I’m happy to say there are negotiations going on. I’m not going to reveal the details,” he stated.
Velázquez then requested Bessent how lengthy he thinks the negotiations will take earlier than they’re concluded.
Bessent reiterated feedback he made beforehand about there being “18 important trading partners” and that the administration is “moving forward at all deliberate speed with those.” He additionally stated he thought-about among the negotiations to be “quite advanced.”
“I believe that they will be the agreements in principle, and then we will paper them over in the coming months, but once we reach an agreement that I am sure that the other countries will live up to,” he stated.
Bessent additionally stated he and U.S. Commerce Consultant Jamieson Greer are set to fulfill with Chinese language officers in Switzerland later this week to start negotiations amid an ongoing commerce battle between each nations.
“I will be going to Switzerland, and the negotiations will begin on Saturday,” he stated.
