U.S. Treasury Secretary Scott Bessent has indicated that several trade deals are nearing completion, with announcements expected imminently. Initially, Bessent suggested that trade negotiations could be wrapped up by Labor Day, September 1, 2025. By early July, he confirmed that the U.S. was close to finalizing multiple trade agreements and anticipated making several announcements within 48 hours. As the August 1 deadline approached, Bessent emphasized that the focus remained on securing high-quality agreements rather than strictly meeting the deadline. He noted that talks were progressing well and that President Trump had created maximum leverage to facilitate these deals. Bessent also mentioned that if no deals were reached by August 1, negotiations could continue beyond that date and advised the public not to panic. Regarding trade with the European Union, Bessent highlighted ongoing monitoring of $600 billion in investments, some of which could be allocated to defense and agriculture sectors. He expressed expectations that the EU would uphold its commitments, though tariff rates might still be subject to change. Overall, Bessent conveyed optimism about the progress and quality of the forthcoming trade agreements.