Investing.com -- U.S. Treasury Secretary Scott Bessent revealed on Monday that a number of prominent U.S. trading partners have put forth ’very good’ proposals to prevent U.S. tariffs, with India potentially being the first to sign a deal.
Bessent, who made these remarks during an appearance on CNBC, also mentioned that the U.S. has been engaged in substantial negotiations with Japan. He also noted that discussions with other Asian trading partners are progressing well.
In addition, Bessent commented on recent actions taken by China, specifically its decision to exempt certain U.S. goods from its retaliatory tariffs. According to Bessent, these moves demonstrate China’s desire to reduce trade tensions with the United States.
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