President Donald Trump’s informal elevation of Treasury Secretary Scott Bessent as his top adviser on trade seems to have advanced negotiations with American trading partners and eased concerns among Trump supporters spooked by the initial rollout of the president’s tariff agenda.

US Treasury Secretary Scott Bessent said the European Union suffers from a “collective action problem” that’s hampering trade negotiations, downplaying the possibility of a quick agreement with the US’s largest trading relationship.

U.S. Treasury Secretary Scott Bessent said he expects “more frictionless trade globally” as a result of President Donald Trump’s tariffs strategy. “The tariffs, the non-tariff trade barriers, currency manipulation and subsidies of labor and capital are coming down quickly.

Rep. Nydia Velazquez grandstands while questioning Treasury Secretary Scott Bessent about ongoing trade negotiations during a Financial Services Hearing on Wednesday: REP NYDIA VELAZQUEZ: Secretary Bessent,

This is the first time we’ve met, is that correct?” she asked, attempting to make a point about Bessent not being responsive to the numerous requests she made to his office.

El secretario del Tesoro de Estados Unidos, Scott Bessent, afirmó que la Unión Europea sufre un “problema de acción colectiva” que está obstaculizando las negociaciones comerciales, restando importancia a la posibilidad de alcanzar rápidamente un acuerdo con el mayor socio comercial de EE.

Treasury Secretary Scott Bessent gives "The Ingraham Angle" an update on trade negotiations with China and their next talks with Chinese counterparts.