U.S. Treasury Secretary Bessent: I am optimistic about trade

U.S. Treasury Secretary Scott Bessent stated on May 13 that he is optimistic about trade and believes that the U.S. is expected to achieve more frictionless trade. Bessent emphasized that the goal of the U.S. government is to further establish the U.S. as the world's premier investment destination. He also mentioned that the U.S. will bring pharmaceuticals, semiconductors, and other strategic industries back to the homeland.

In addition, after the U.S.-China economic and trade talks held in Geneva, Bessent stated that both sides had fruitful dialogue and reached a consensus to significantly reduce tariffs during a 90-day pause. He emphasized that the U.S. does not seek a complete “decoupling” from China, but hopes to achieve “decoupling” on strategically essential goods. Bessent also mentioned that he might meet with Chinese officials again in the coming weeks to advance a more comprehensive agreement. $BTC