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Trump Trade Talks: Caution Amidst Uncertain Progress

5/2/2025

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Summary

Story summary

The Trump administration's trade negotiations are shrouded in "strategic uncertainty," warns Treasury Secretary Scott Bessent. While there are hopeful signs of progress, former Commerce Secretary Wilbur Ross advises caution against excessive bargaining. With 18 major economies in focus, the race to finalize comprehensive agreements by July is proving to be a daunting task.

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Story summary

The Trump administration's trade negotiations are shrouded in "strategic uncertainty," warns Treasury Secretary Scott Bessent. While there are hopeful signs of progress, former Commerce Secretary Wilbur Ross advises caution against excessive bargaining. With 18 major economies in focus, the race to finalize comprehensive agreements by July is proving to be a daunting task.