Treasury Secretary Scott Bessent is a pivotal figure in U.S. trade negotiations under President Trump, focusing on aggressive tariffs to enhance American goods' presence in China and other countries. Following Trump's "Liberation Day" announcement, Bessent has engaged in fruitful discussions with allies including India, South Korea, and Japan. His confidence in the progress of these trade talks reflects the administration’s strategy to establish one-for-one trade deals, with Trump optimistic about potential gains for U.S. businesses, particularly in China, despite contrasting public statements from Chinese officials.
"Bessent and Trump are in the driver's seat but [Commerce Secretary Howard] Lutnick and [White House trade adviser Peter] Navarro continue to have access and say."
"Trump trusts his resume, is basically what it comes down to," this person added of Bessent, 62.
"Bessent... has voiced confidence about progress in talks with India, South Korea, and Japan."
"Free up China, you know, let us go in and work China," Trump said of his goal.
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