Bessent: We are going to have several trade announcements in the next 48 hours

  • The usual Monday promise
Scott Bessent image
  • Vietnam tariff is 20% overall
  • I got a lot of new offers last night
  • Tariff deals that will come out will be slightly higher than current CBO scoring
  • Tariffs will substantially decrease the deficit
  • Asked about the softening US dollar, says other currencies are strengthening
  • Will meet with Chinese counterpart in the next few weeks
  • There are things for us to do together if China wants to do it beyond trade

I think it's notable that he's benchmarking tariffs above current CBO scoring. It sounds like there won't be anything 'reciprocal' with those words but the US having much higher tariffs than other countries.

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