Bessent: US could announce trade deals with some countries this week

Treasury chief anticipates pacts with most big trading partners this year

20250506N Bessent House Appropriations

U.S. Treasury Secretary Scott Bessent testifies before a subcommittee of the House Appropriations Committee in Washington on May 6. © Reuters

WASHINGTON (Reuters) -- U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration could announce trade agreements with some of the United States' largest trade partners as early as this week, but gave no details on which countries were involved.

He said the administration was negotiating with 17 major trading partners, but had not yet engaged with China, the world's second-largest economy after the United States.

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