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What is the secretary of the Treasury Scott Bessent Win in China for discussions?

remon Buul by remon Buul
May 9, 2025
in Business
0
What is the secretary of the Treasury Scott Bessent Win in China for discussions?

Severe

President Trump can finally indicate a trade agreement with a major ally, Great Britain. But now comes the delicate part: can it conclude similar agreements with other countries?

More especially, than his administration of the talks of the Treasury Secretary Scott Bessent will win with Chinese counterparts scheduled for this weekend in Geneva?

The White House will enter the meetings under enormous pressure. The S&P 500 joined more than 13% in the last month of the hopes of investors that Trump will reduce his protectionist program, while companies warn that the trade war will eat profits and obliges them to increase prices.

Trump sought to run the agreement with Great Britain as a turning point. “You’d better go out and buy actions now,” he said on a press briefing on Thursday. The two countries have agreed to strengthen trade links. An example: IAG, the parent company of British Airways, said that it would order new long-haul aircraft, including 32 from Boeing. (Times break down the rest here.)

But the Secretary of Commerce, Howard Lunick, seemed less optimistic, claiming that negotiations with Japan and South Korea – which are largely considered as countries in the United States are most likely to reach agreements with according to – “It will not be rapid agreements.” And Bessent also warned that a full -fledged China agreement could take years to achieve.

Keep in mind these warnings on the British agreement: This is a light framework that is light on details, is far from being finalized and has been underway since Trump’s first term.

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