US Treasury Secretary: Trump will decide whether to extend trade talks "
Internet reports that U.S. Treasury Secretary Basent said Trump will decide whether to extend negotiations with trading partners beyond the July 9 deadline. "We will act on the president's wishes and let him decide whether they are negotiating in good faith," Besant said Thursday when asked on CNBC about a possible extension of the deadline. Bessent said he met with EU trade representatives Thursday morning and said U.S. Trade Representative Greer would work "hard over the weekend" with European officials. When asked about the status of negotiations with Japan, Bessent said that no agreement had yet been reached with Japan, possibly because Japan's domestic politics complicated the negotiations. Regarding Vietnam, Besent said his understanding was that the agreement was "reached in principle." The 20% tariff announced by Trump was the core content of the agreement, and it would not be superimposed on the 10% universal tariff.
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