U.S. Treasury Secretary Bessent said ongoing negotiations have effectively completed Washington’s current round of trade deals, arguing that the adjustments under way do not amount to the most significant realignment since 1935. In a televised interview, Bessent described the ‘China trade shock’ of recent years as the true landmark reset and projected that tariff receipts could exceed $300 billion in fiscal-year 2026 as the new 145 percent levy on Chinese goods beds in. Bessent also disclosed that Micron Technology, which visited the Treasury this week, intends to invest about $200 billion, underscoring the administration’s push to deepen domestic semiconductor capacity. She added that the government has commenced interviewing candidates to succeed Jerome Powell as Federal Reserve chair, signalling that preparations for the 2026 leadership transition are already under way.