U.S. Treasury Secretary Scott Bessent confirmed ongoing trade negotiations with key partners, including Japan, are progressing in good faith despite a recent trade court ruling against the Trump administration's latest tariffs. In an interview with Fox News, Bessent emphasized that there has been “no change” in international counterparts' attitudes following the ruling, which temporarily halted the controversial reciprocal tariffs.
“Trading partners are continuing to engage constructively,” Bessent stated. “They’re working to finalize deals before the 90-day tariff pause concludes.” He also revealed that a high-level Japanese delegation is scheduled to meet with him early Friday, underscoring Japan’s continued commitment to negotiations.
While discussions with most allies remain on track, Bessent acknowledged that talks with China have slowed. “Negotiations with China are a bit stalled,” he noted, though he expects further engagement with Chinese officials in the coming weeks.
The Trump administration’s tariffs have sparked global debate, particularly with China, and triggered legal challenges in U.S. courts. Despite legal setbacks, Bessent remains optimistic that the temporary truce can lead to lasting trade agreements, especially as major economies aim to avoid prolonged trade tensions.
With the 90-day pause in tariffs underway, investors and businesses are closely monitoring the outcomes of these talks. Bessent’s reassurances signal a continued push for diplomatic resolutions, particularly with strategic allies like Japan.
This update comes as part of ongoing efforts by the U.S. to stabilize international trade relations and strengthen economic cooperation amid fluctuating geopolitical dynamics and market uncertainty.