Treasury Secretary Bessent is reportedly to meet Italy's economic minister on Tuesday at the G20 summit. Trump is expected to meet with Italy's prime minister today.
Italy's Economic minister says:
Italian Prime Minister Giorgia Meloni is scheduled to meet with President Trump today in Washington. Meloni seeks to balance national interests with EU solidarity, potentially advocating for increased purchases of American liquefied natural gas and military equipment to ease tensions.
An EU spokesman said yesterday that they expect tariffs to be enacted eventually as trade talks are not making progress.
Yesterday, President Trump met with Japanese officials, including Economic Revitalization Minister Ryosei Akazawa, to discuss tariffs and trade relations. While Japan aimed to focus on trade and investment, Trump expanded the agenda to include defense cost-sharing. Despite a temporary 90-day hold on new tariffs, existing tariffs of 10% to 25% on Japanese goods remain in place. Both sides have agreed to continue discussions later this month.
China remains the main problem and while no direct meetings between President Trump and Chinese officials have been reported recently, China's President Xi Jinping is actively engaging with Southeast Asian nations to strengthen regional ties amid U.S. tariff policies. Trump enacted tariffs of up to 145% on China imports.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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