US Treasury Secretary Bezent: The quality of a trade agreement is more important than the timing
TechFlame
2025-07-21 12:02
TechFlame2025-07-21 12:02
English
According to TechFlame, US Treasury Secretary Bessent said that trade negotiations are currently underway, and he is more concerned about reaching a high-quality agreement rather than completing the agreement before August 1. Bessent said that they are not in a hurry, but it is conceivable that the EU would like to negotiate faster, but at least the EU is now more engaged. Currently, its priority is to secure the best deal for the US (on the Japanese issue).
According to some analysts, Bezent's remarks indicate that “delaying tactics” are likely to occur again by August 1, so people can wait and see. Meanwhile, in response to Powell's question, Beisent said, “At the end of the day, this is Trump's decision on Powell.” He then added that they needed to look at the Federal Reserve as a whole institution.