U.S. Treasury’s Bessent:

  • The president has the right to set the trade agenda for the U.S. – Fox News interview
  • Trading partners are coming to us in good faith, have seen no change in their attitudes in the past 48 hours
  • A couple of large deals are close
  • May have a call between Trump and Xi at some point
  • China talks are complex enough that will require both leaders to weigh in, confident Chinese will step in
  • We are taking in a substantial amount of tariff income
  • Believes federal deficit will be smaller this year than last year

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Pretty much just political comments these. We've heard this sort of rubbish before, over and over. So far there have been zero trade deals. Just a 'framework' with the UK and that's about it.

Trump Xi Phone
Source: Forex Live