Treasury Secretary Bessent says he’s likely to meet with China again in ‘next few weeks’ to work on bigger agreement
- Treasury Secretary Scott Bessent announced a 90-day pause on U.S.-China tariffs following recent talks in Geneva.
- The pause resulted from negotiations aiming to ease trade tensions and follows previous tariff escalations under President Trump.
- The agreement lowers tariffs on Chinese products from 34% down to 10%, keeps a 20% tariff on fentanyl precursors intact, and introduces a framework for ongoing negotiations.
- Bessent told CNBC that he expects another meeting within the coming weeks to advance toward a more comprehensive agreement.
- The tariff pause has prompted market gains and sets the stage for continued negotiations to address strategic issues and trade barriers.
12 Articles
12 Articles
There aren't enough words to describe Trump treasury secretary's immorality
Donald Trump’s Treasury Secretary, Scott Bessent, has been front and center in the Trump administration’s trade wars.His main function has been to puff Trump up, and then carry out Trump’s various cave-ins—most recently his folding to China. Bessent met with Chinese officials over the weekend, and the result was reducing tariffs (though onerous 30% tariffs remain), after Trump said he’d never back down from the 145% tariffs without concessions, …
Bessent hopeful future US-China trade talks will lay groundwork for ‘more fulsome agreement’
Treasury Secretary Scott Bessent expressed optimism about continuing trade negotiations with Chinese officials after meeting in Geneva, with plans to meet again in the next few weeks to hash out a more comprehensive agreement.
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