U.S. Treasury Secretary: We expect to reach agreements with more countries before the end of the 90-day tariff suspension period

US Treasury Secretary Besent said, "Before the 90-day suspension of 'equal tariffs' ends, it is expected that more countries will reach trade agreements with the United States. "These agreements are progressing very quickly, and I believe that as the 90-day suspension period approaches its end, we will see more and more agreements being announced," Besent said on Friday. "Many Asian countries have put forward very good conditions." Besent said that most of the US trading partners have been negotiating "very sincerely," but the EU is an exception. Earlier that day, Trump threatened to impose a 50% tariff on EU goods from June 1 if negotiations with the EU continue to be fruitless, saying "we have made no progress in our negotiations with them." "I think the president's statement is a response to the slow progress with the EU," Besent said. "I hope to put pressure on the EU."