U.S. Treasury’s Bessent:
- The president has the right to set the trade agenda for the U.S. – Fox News interview
- Trading partners are coming to us in good faith, have seen no change in their attitudes in the past 48 hours
- A couple of large deals are close
- May have a call between Trump and Xi at some point
- China talks are complex enough that will require both leaders to weigh in, confident Chinese will step in
- We are taking in a substantial amount of tariff income
- Believes federal deficit will be smaller this year than last year
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Pretty much just political comments these. We’ve heard this sort of rubbish before, over and over. So far there have been zero trade deals. Just a ‘framework’ with the UK and that’s about it.
This article was written by Eamonn Sheridan at www.forexlive.com.
