Bessent declined to specify which countries the U.S. might secure trade agreements with this week, stating that doing so could harm U.S. interests.
US Treasury Secretary Bessent: The market may discipline us one day
5/7/2025
Some trade negotiations are significantly advanced and nearing agreements in principle.
Talks with China are scheduled to begin Saturday in Switzerland. However, Trump trade adviser Peter Navarro will not participate in the Geneva discussions.
Saturday’s talks with China represent an initial step, not advanced negotiations.
The Treasury market functioned well during the turmoil in April. Both we and the Fed possess a substantial toolkit for managing Treasuries.
Investor demand for Treasuries remains strong, as seen in recent auctions.
It is time for China to graduate from its developing country classification.
The United States will always honor its debt obligations.
Many existing bank capital requirements may be excessively stringent.
America’s unrestricted borrowing capacity has contributed to its prolific fiscal behavior.
