According to online reports, U.S. Treasury Secretary Bessant said that more countries are expected to reach trade agreements with the United States before the end of the 90-day suspension period of "reciprocal tariffs". "These agreements are moving very quickly, and I think as the 90-day suspension comes to an end, we will see more and more agreements being announced," Bessent said on Friday. "Many Asian countries have put forward very good conditions." Bessent said most U.S. trading partners had been negotiating "very sincerely," but the European Union was an exception. Earlier in the day, Trump threatened to impose a 50% tariff on EU goods starting from June 1 if negotiations with the EU continued to fail. Trump said that "our negotiations with them have made no progress." "I think the president's statement is a response to the slow progress of the EU," Besent said."I hope to put pressure on the EU."