U.S. Treasury Secretary Bessant shares about the trade negotiation process of the Trump administration
On June 27, U.S. Treasury Secretary Bessant announced that the Trump administration's trade negotiation program is likely to be completed before Labor Day on September 1. However, she also warned that some negotiations may extend beyond the July 9 deadline.
Bessant said: "Some countries are approaching us with very promising agreements." This statement reflects the views of Commerce Secretary Lutnick the day before, when he revealed that the White House is planning to reach agreements with 10 key trading partners.
Plan to reach agreements with strategic trading partners
Bessant emphasized that the U.S. is prioritizing negotiations with 18 important trading partners. If agreements can be signed with 10 to 12 of these partners, along with 20 other partners also on the strategic list, the overall trade program is expected to be completed before September 1.
Although she did not disclose specific target countries, Ms. Bessant expressed optimism about the negotiation process. Achieving these agreements will strengthen the U.S. trade cooperation network, create leverage to boost import and export values, and improve global capital flows and supply chains.
Potential impact on the global market and cryptocurrency
In the context of the rapidly changing global market, the pace of trade negotiations can significantly impact derivative financial products and cryptocurrency assets. Stable trade policies often stimulate cryptocurrency investors to strengthen their trading positions, taking advantage of price volatility to optimize profits.
At the same time, the new trade agreements will enhance the efficiency of supply chains in the high-tech sector, providing leverage for blockchain platforms and decentralized finance (DeFi) payments. This is an opportunity for the cryptocurrency market to increase its appeal to institutional and individual investors in the near future.
Source: https://tintucbitcoin.com/bessant-du-doan-dam-phan-ket-thuc-thang-9/
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