Economic Calendar
US Treasury Sec. Bessent :US is far along in trade talks with India, Asian countries
In an interview with Fox News on Friday, United States (US) Treasury Secretary Scott Bessent said that US President Donald Trump believes that the European Union’s proposals have not been of good quality, per Reuters.
Key takeaways
“Trump move is in response to EU’s pace on tariffs.”
“Hope this lights a fire under EU.”
“EU has collective action problem.”
“Would like to have apple help US to make semiconductor supply chain better.”
“Trump trying to bring back precision manufacturing to US.”
“US is far along in trade talks with India, Asian countries.”
“Most countries negotiating in good faith except EU.”
“These deals are moving quickly.”
“Will see more deals announced within 90-day period.”
