By Andrea Shalal, David Lawder and Doina Chiacu
WASHINGTON, April 28 (Reuters) - U.S. Treasury Secretary
Scott Bessent on Monday said many top U.S. trading partners had
made 'very good' proposals to avert U.S. tariffs, and one of the
first deals to be signed would likely be with India.
"I would guess that India would be one of the first
trade deals we would sign," Bessent told CNBC, adding that the
U.S. had also held very substantial negotiations with Japan and
discussions with other Asian trading partners were going well.
"Vice President Vance was in India last week, talked about
substantial progress. I have mentioned that the negotiations
with the Republic of Korea have gone very well, and I think
we've had some very substantial negotiations with our Japanese
allies," Bessent told CNBC.
Speaking to reporters after two early morning television
interviews, Besssent said the first such trade agreement might
come this week or next.
He told CNBC that China's recent moves to exempt certain
U.S. goods from its retaliatory tariffs showed that it wanted to
de-escalate trade tensions with the United States, and said the
U.S. had refrained from escalating by embargoing those goods.
Bessent told Fox News that President Donald Trump will
be "intimately involved" in each of the bespoke trade deals with
each of 15 to 18 important trading partners, but it will be
important to reach agreements in principle soon.
Asked whether he planned to call his Chinese counterpart
to jump-start negotiations between the world's two largest
economies, Bessent told Fox News: We'll see what happens with
China. It's important. I think it's unsustainable from the
Chinese side. So maybe they'll call me one day."
He earlier told CNBC that "all aspects of government are
in contact with China," and underscored that it was up to China
to reduce tensions since they sold five times more goods to the
U.S. than vice versa.