Bescent: The quality of signing a trade protocol is more important than the timing of signing.

On July 21, Jin10 reported that U.S. Treasury Secretary Becerra stated that trade negotiations are currently underway, and he is more concerned with reaching a high-quality protocol than completing it before August 1. Becerra noted that they are not in a hurry, but one could imagine that the EU would prefer to negotiate more quickly; however, the EU has at least become more engaged now. Their top priority is to secure the best protocol for the U.S. (on the Japan issue). Analysts say that Becerra's remarks indicate that "delay tactics" are likely to emerge again by August 1, so people are watching closely. Meanwhile, regarding Powell, Becerra stated, "Ultimately, this is Trump's decision regarding Powell." He then added that they need to view the Fed as a whole institution.