Editor's PiCK
US Treasury Secretary: 'We May Conclude Trade Negotiations by Labor Day on September 1st'
Summary
- Scott Besant, the United States Secretary of the Treasury, predicted that trade negotiations with major countries might be completed by Labor Day on September 1.
- Secretary Besant stated that achieving agreements with 10 to 12 out of 18 major trading partners would make the target attainable.
- He conveyed that several countries are feeling pressured and presenting good deals.
Scott Besant, the United States Secretary of the Treasury, expressed his outlook that negotiations with major countries could be concluded by Labor Day, September 1, in the US. Secretary Besant is currently leading international trade negotiations under the Donald Trump administration.
In an interview with Fox Business on the 27th (local time), Besant stated, "We have 18 important trading partners. If we can reach agreements with 10 or 12 out of the 18 key countries, I believe we can complete the trade negotiations by Labor Day."
He added, "It seems like many countries are feeling the pressure," and said, "Countries are approaching us with very good deals."
Bobe Lee, contributing reporter for Hankyung.com newsinfo@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
