Treasury Secretary Scott Bessent said trade talks could yield multiple deals by Sept. 1, citing a new U.S.-China agreement on rare earth shipments.

“As President Trump has said, he’s created maximum negotiating leverage for Ambassador [Jamieson] Greer, Secretary Lutnick and myself by saying if you can’t get to a deal, he’s happy to go back to the April 2 levels, so we have countries approaching us with very good deals,” Bessent said.

Treasury Secretary Scott Bessent said the Trump administration’s agenda for trade agreements could get wrapped up by the Labor Day holiday, indicating some negotiations are likely to extend past the upcoming July deadline for elevated reciprocal tariffs.