Trade deals progression expected, with potential tariffs reduction and trade barriers removal

From Yahoo Finance: 2025-05-06 12:18:00

Treasury Secretary Scott Bessent announced potential new trade deals with major partners this week, with 17 of 18 key trading partners in talks. Expectations are high for 80-90% of deals to be finalized by year-end, with tariffs on US goods reduced, non-tariff barriers removed, and currency manipulation curbed.

Bessent highlighted trade negotiations as part of a broader economic agenda, which includes tax reform and deregulation. Progress is rapid, with the House set to send its trade bill to the Senate by Memorial Day. Deregulation may take longer to impact the economy, but benefits are expected in the third and fourth quarters of this year.



Read more at Yahoo Finance: Dow, S&P 500, Nasdaq slide ahead of Fed decision as tariff fears reemerge