US EditionBessent Says ‘We Have the Makings of a Deal’ with China
STOCKHOLM, SWEDEN, JUL 30 – U.S. and Chinese officials held extensive talks in Stockholm aiming to extend a tariff pause and resolve trade disputes before an August 12 deadline, with Trump optimistic about a fair deal.
- On July 28, representatives from the U.S. and China convened in Stockholm for a discussion lasting over five hours to negotiate a possible three-month extension to their existing tariff ceasefire.
- These talks followed preliminary agreements in May and June aimed at ending escalating tariffs and rare earth mineral restrictions before the August 12 deadline.
- U.S. Treasury Secretary Scott Bessent described the negotiations as tough, said negotiators pushed back, and stated the deal is not 100% done but has the makings of success.
- President Trump said on July 30, "We're doing fine with China," expected a fair deal on trade, and warned higher tariffs would begin August 1 amid ongoing talks with Canada.
- Despite earlier 145% U.S. and 125% Chinese duties, both sides have since lowered rates to 30% and 10%, but no final deal has been reached by the August 12 deadline.
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Bessent Says ‘We Have the Makings of a Deal’ with China
Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to a trade pact as a key tariff deadline nears, CNBC reports. Said Bessent: “I believe that we have the makings of a deal. There’s still a few technical details to be worked out on the Chinese side between us. I’m confident that it will be done, but it’s not 100% done.”
·New York, United States
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In the past two days, the US and China had not been able to determine for the time being at trade talks in Stockholm for a possible extension of their tariff break, but they were on the right track, according to US President Trump.
·Vienna, Austria
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Coverage Details
Total News Sources16
Leaning Left0Leaning Right2Center5Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
C 71%
R 29%
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