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https://www.gate.com/announcements/article/45974
U.S. Treasury Secretary Becerra recently made important remarks regarding the trade negotiation process. He stated that the current trade negotiations are progressing steadily, and the government is placing more emphasis on the quality of the protocol rather than the speed. Although the European Union may wish to expedite the negotiation process, Becerra believes that haste should be avoided and that it is crucial to reach a high-quality protocol.
Besant particularly emphasizes that the primary task of the current negotiations is to secure the most favorable terms for the United States regarding relevant issues in Japan. This statement suggests that the U.S. government has adopted a strategically patient attitude during the negotiations. Analysts speculate that this may mean that the U.S. side is prepared to adopt a flexible strategy again at the critical time point of August 1.
Regarding the issue of the Federal Reserve Chairman Powell's future, Bessent cautiously stated that the final decision will be made by President Trump. He further pointed out that when considering this issue, it is necessary to examine the structure and function of the Federal Reserve from a holistic perspective.
Besant's remarks reflect the cautious attitude of the U.S. government in international trade negotiations, while also highlighting that the U.S. is striving to seek balance among various interests against the backdrop of a complex and ever-changing global economic landscape. This strategy will undoubtedly have a profound impact on the global trade pattern, and governments and market participants around the world will closely monitor the further developments.
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Do you understand the gold content of the US dollar?