PANews, July 3 - According to Jin Shi reports, U.S. Treasury Secretary Basent warned U.S. trading partners not to prolong trade negotiations, stating that if no progress is made, tariffs may rise back to the levels seen on April 2. Basent revealed that he will meet with the EU's negotiating representatives today. When asked about the outcome of the discussions, he simply said, 'We will see what happens with the EU.' Regarding the U.S. debt issue, Basent expressed confidence in market demand. He stated, 'There is a strong demand for U.S. Treasury bonds,' and that both domestic and international demand for U.S. Treasury bonds remains robust. He described the debt management process as 'orderly.' Basent also commented on interest rates, suggesting that 'the two-year Treasury bond indicates that overnight rates are too high,' and that 'inflation expectations should ease.' He criticized the Federal Reserve, stating that the committee's judgment 'seems a bit off.' Regarding the operations of the Federal Reserve, Basent stated, 'It is beneficial for the Federal Reserve to control spending,' and he hopes to 'see the Federal Reserve reasonably adjust the budget size.' When asked if he wants Federal Reserve Chairman Powell to resign, Basent declined to give a specific response. He pointed out that there are 'many strong candidates for Federal Reserve Chairman,' and mentioned the possibility of 'filling two Federal Reserve Board positions next year.'