US Treasury Secretary Bessent signals patience in pursuit of Japan trade pact

U.S. Treasury Secretary Scott Bessent, during his visit to Japan this week, underscored the need for a balanced, mutually beneficial trade deal and reaffirmed the strength of the U.S.-Japan alliance amid ongoing economic talks.

Speaking during the U.S. delegation’s participation at Expo 2025 in Osaka, Bessent expressed gratitude on X to Japanese leaders for their hospitality and commitment to bilateral relations, Caliber.Az reports.

"My thanks to Prime Minister Shigeru Ishiba and Minister Ryosei Akazawa for their warm welcome to Japan," Bessent wrote. 

My thanks to Prime Minister @shigeruishiba and Minister @ryosei_akazawa for their warm welcome to Japan.

Grateful to represent @POTUS and the American people at @expo2025japan alongside @usambjapan, and to celebrate the enduring alliance between our nations.

A good deal is more… https://t.co/9bvfqAyXKS

— Treasury Secretary Scott Bessent (@SecScottBessent) July 18, 2025

“Grateful to represent President Trump and the American people at Expo 2025 alongside Ambassador Emanuel, and to celebrate the enduring alliance between our nations.”

While no formal trade agreement was signed during this visit, Bessent indicated that discussions were productive and that both nations are focused on securing a long-term economic framework that benefits both sides.

"A good deal is more important than a rushed deal," he said. “A mutually beneficial trade agreement between the United States and Japan remains within the realm of possibility. I look forward to continuing formal talks in the future.”

By Aghakazim Guliyev