Treasury Secretary Scott Bessent said trade talks could yield multiple deals by Sept. 1, citing a new U.S.-China agreement on rare earth shipments.

The U.S. could have the balance of its important trade deals done by Labor Day, Treasury Secretary Scott Bessent said Friday. Why it matters: That would be a softer deadline than the early July target President Trump set when he paused the sweeping global tariffs in April.

The U.S. hopes to wrap up trade talks with more than a dozen nations by the start of September, Treasury Secretary Scott Bessent said, implying that the administration isn't holding to the July 9 deadline that it originally set to conclude negotiations,