Treasury Secretary Scott Bessent said Monday that the Trump administration is moving swiftly to strike trade deals with major U.S. partners — while putting China “to the side” for now. In an interview on Fox & Friends, Bessent credited President Trump’s direct involvement in trade talks and said the administration is targeting up to six agreements per week ahead of a July 8 deadline. “We’ll see who is coming in good faith and who is not,” Bessent said, noting that several Asian nations have shown serious engagement.
.@POTUS has come off of the block with lightning speed, and this is something new for the American people—holding one, sometimes even two press conferences per day.
— Treasury Secretary Scott Bessent (@SecScottBessent) April 28, 2025
Contrast this with the previous administration, where we weren’t sure who was running policy. But it likely… pic.twitter.com/4AXnAq1KtA
Asked about China, Bessent called the current imbalance “unsustainable,” citing the massive trade surplus Beijing holds over the U.S. and warning it could backfire on China. “Selling cheap, subsidized goods into the U.S. is crucial for the Chinese economy,” he said. With U.S. trade strategy shifting toward bilateral deals and reciprocity, Bessent emphasized that the era of “unfair trade practices” is coming to a close.
