New U.S. Trade Deals on the Horizon

The United States may soon unveil new trade agreements with major global partners, as stated by U.S. Treasury Secretary Scott Bessent on Tuesday. Although exact details about the involved countries remain undisclosed, Bessent indicated potential announcements could occur as early as this week. Engaging with 17 of the world’s largest trading partners, the Trump administration continues its negotiation efforts. Notably absent from these discussions, however, is China, which stands as the second-largest global economic power after the U.S. Bessent noted that many trading partners have offered favorable terms, prompting Trump officials to delve into renegotiations of several existing trade deals….