Treasury Secretary Scott Bessent testified that the U.S. is negotiated with 17 of its largest trading partners, but not China, and he expects most of those deals be reached this year.

FILE PHOTO: U.S. Treasury Secretary Scott Bessent attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. REUTERS/Evelyn Hockstein/File Photo

President Donald Trump told reporters Sunday that deals with some trading partners “could very well be” announced this week, raising the prospect of an easing of the “Liberation Day” tariffs he announced last month.