Bessent said the administration was “close to several deals”.
“I would expect to see several big announcements over the next couple of days,” he said.
But he would not say which countries he was referring to, adding: “I don’t want to let them off the hook.”
“MAXIMUM PRESSURE” PLAYBOOK
Aboard Air Force One on Friday, Trump said sending notices would be much easier than “sitting down and working 15 different things … this is what you have to pay, if you want to do business (with) the United States”.
Bessent pushed back at CNN host Dana Bash’s assertion that the administration was using threats rather than negotiations, and denied that Trump was setting a new deadline with the Aug 1 date.
“It’s not a new deadline. We are saying, this is when it’s happening. If you want to speed things up, have at it. If you want to go back to the old rate, that’s your choice,” he said.
He said the playbook was to apply “maximum pressure” and cited the European Union as an example, saying they are “making very good progress” after a slow start.
EU and US negotiators are holding talks over the weekend, and France’s finance minister said on Saturday he hoped they could strike a deal this weekend.
Other countries were still expressing unease, however.
Japan’s Prime Minister Shigeru Ishiba said on Sunday he “won’t easily compromise” in trade talks with Washington.
And BRICS leaders of fast-growing economies meeting in Rio de Janeiro raised “serious concerns” that the “indiscriminate” import tariffs were illegal and risked hurting global trade.
When probed about worries that steep levies could feed into broader US inflation, Bessent said there was a difference between “inflation and one-time price adjustments.”
“Inflation is a generalised monetary phenomenon. We’re not going to see that. And thus far, we haven’t even seen the one-time price adjustments,” Bessent told Fox News Sunday.
