U.S. Treasury Secretary Scott Bessent said Monday that several major U.S. trading partners had made strong proposals to avoid tariffs, and India is likely to be among the first countries to sign a trade agreement.
Speaking to CNBC, Bessent noted significant progress in talks with India, Japan, and other Asian partners. He highlighted that Vice President Vance’s recent trip to India showed promising developments and that negotiations with South Korea and Japan were also going well.
Bessent suggested that the first trade deal could be finalized within a week or two.
He also mentioned that China's move to exempt certain U.S. goods from retaliatory tariffs signaled an interest in easing tensions, and emphasized that the U.S. had responded by not escalating further.
Speaking to Fox News, Bessent said President Donald Trump would be heavily involved in crafting individual trade deals with 15 to 18 key partners, stressing the urgency of reaching agreements soon.
On China, Bessent hinted that future negotiations depended largely on Beijing, noting the trade imbalance between the two countries and suggesting that China might eventually initiate talks.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port o...
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify...
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
A Russian strike on a gas station in Kyiv has killed two people, the city's Mayor Vitali Klitschko said in a statement on Telegram. In Russia, online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment