President Donald Trump’s informal elevation of Treasury Secretary Scott Bessent as his top adviser on trade seems to have advanced negotiations with American trading partners and eased concerns among Trump supporters spooked by the initial rollout of the president’s tariff agenda.

U.S. Treasury Secretary Scott Bessent said he expects “more frictionless trade globally” as a result of President Donald Trump’s tariffs strategy. “The tariffs, the non-tariff trade barriers, currency manipulation and subsidies of labor and capital are coming down quickly.

Treasury Secretary Scott Bessent said on Sunday that the Trump administration has made progress in its trade negotiations with China. "We will be giving details tomorrow. "But I can tell you that the talks were productive," Bessent told members of the ...