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Treasury Secretary Admits He’s Never Seen Trade Deal Trump Is Hyping

3 12
30.07.2025

The status of the U.S.-Vietnam trade deal allegedly reached four weeks ago remains uncertain, after Treasury Secretary Scott Bessent admitted Tuesday that he hasn’t even seen it.

Trump announced a supposed agreement between the two countries in a July 2 post on Truth Social, claiming that Vietnam’s exports would be subject to a 20 percent tariff and its “transshipped” goods to a 40 percent tariff. In return, Trump said, the United States was getting “TOTAL ACCESS to [Vietnamese] Markets for Trade.”

The announcement, Politico would report days later, shocked Vietnamese negotiators, who thought they’d agreed to a rate of about 11 percent—which Trump reportedly scrapped and nearly doubled during a later phone call with Vietnam’s general secretary, who’d not been involved with initial negotiations.

Complicating the matter was the absence of “any paperwork indicating a final agreement that includes those tariff rates” and the fact that neither country “formally signed off on a deal.”

Accordingly, the day after the alleged agreement, CNBC asked Bessent about its status. He replied: “I haven’t spoken to [Trump trade representative] Jamieson Greer, who’s heading the team. My understanding is that it’s finalized in principle.”

To date, it remains unclear if it’s been finalized in any more meaningful way. Vietnam has yet to confirm the rates about which Trump boasted, leading CNBC to, once again, ask Bessent whether there is an agreement on paper.

Bessent’s answer on Tuesday was similar to the one he gave 26 days ago. “I didn’t work on that deal,” he said. “But I assume that we do.”

“You haven’t seen that paperwork?” CNBC’s Eamon Javers pressed.

“Ambassador Greer, who is a seasoned veteran with an encyclopedic memory and knowledge of all this, keeps all that,” Bessent replied, stumbling slightly over his words.

Bessent based his assumption that there’s a written and signed agreement on the trade deals reached with Indonesia and the Philippines. Notably, Indonesia contests some of Trump’s claims about its deal, and details about the Philippines deal remain scant beyond Trump’s Truth Social posts.

The trade-deal gray area is not just confined to Southeast Asia, as Trump’s approach to his negotiations and announcements has sown widespread confusion.

For instance, the Financial Times reported last week that officials in the U.S. and Japan have significant disagreements over the terms of their deal—which, despite being the “largest deal in history,” according to Trump, is not recorded on paper. In fact, no legally binding one is to be drawn up, the FT reports.

The American Israel Public Affairs Committee was forced to clarify that it had not actually un-endorsed Florida Representative Randy Fine for his grotesque statements wishing starvation on Palestinians.

AIPAC responded Tuesday to a Times of Israel report claiming that the group appeared to have “dropped” its endorsement of Fine, after he went missing from the group’s database of pro-Israel candidates.

“This reporting is based on an unsourced speculative piece,” AIPAC wrote in a statement on X. “We will be endorsing candidates for the 2026 election throughout the cycle. Current endorsees for 2026 so far are listed on the AIPAC-PAC website.

“As Rep. Fine was elected only in April, consideration of his endorsement will take place later in the cycle, as is the case with many other freshmen members of Congress,” the statement continued.

It turns out that it was simply wishful thinking to believe that the pro-Israel action group would ever draw the line at cheerleading famine—or advocating for violence against protesters.

But AIPAC’s response doesn’t quite add up. It’s not clear why the group would choose only to list endorsees for 2026, and why Fine wouldn’t be grandfathered in after earning the group’s endorsement just four months ago. After all, the group did pour more than $126,000 into Fine’s campaign, according to FEC filings. Now they say they need more time to decide?

Fine’s absence on AIPAC’s list was first observed by Usamah Andrabi, the communications director for Justice Democrats, a political action group working to see progressive Democrats elected to office.

Donald Trump claims that his friendship with Jeffrey Epstein ended after the pedophilic sex trafficker “stole” several of the president’s underage employees.

Speaking with reporters on Air Force One Tuesday, Trump said that he had confronted Epstein about hiring away underage girls on his payroll at Mar-a-Lago.

“Epstein has a certain reputation obviously. I’m just curious, were some of the workers that were taken from you, were some of them young women?” asked one reporter.

“Well, I don’t want to say, but everyone knows the people that were taken, and the concept of taking people that work for me is bad. But that story has been pretty well out there, and the answer is yes, they were,” Trump said. “People were taken out of the spa.

“Hired, by him, in other words—gone,” Trump continued, referring to Epstein. “Other people would come and complain, ‘This guy is taking people from the spa.’ I didn’t know that. And then when I heard about it, I told him, I said, ‘Listen, we don’t want you taking our people.’ Whether it was spa or not spa, I don’t want him taking people.

“And he was fine, and then not too long after that he did it again and I said, ‘Out of here,’” he added.

“Did one of the stolen persons—did that include Virginia Giuffre?” asked another reporter, referring to one of Epstein’s earliest and most prominent accusers.

“Um, I don’t know. I think she worked at the spa,” Trump........

© New Republic