US EditionUS, China tariffs need to fall for trade talks to start, Bessent says
- Treasury Secretary Scott Bessent stated that tariffs need to decrease before trade negotiations with China can begin, highlighting a potential for a 'big deal' if China's economy shifts focus towards consumption.
- Bessent mentioned the need for China to adjust its economy away from reliance on manufacturing exports to increase domestic demand.
- President Donald Trump indicated a willingness to reduce the currently high tariffs of 145% on Chinese imports, stating they 'won't be that high' in the future.
- Bessent expressed hope for a 'big deal' on tariffs, emphasizing that current tariff levels are unsustainable for both nations.
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Trade Rebalancing Efforts Underpin UBS’s Downbeat Global Growth Forecast
UBS’s latest global growth downgrade comes as the United States and China both signal a shift toward trade rebalancing, a process now shaping the world’s economic landscape. US Treasury Secretary Scott Bessent recently stated that the high tariffs imposed between the US and China must fall before meaningful negotiations can resume. He described the current […]
·Brazil
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Trump administration signals willingness to negotiate tariffs with China
Treasury Secretary Scott Bessent expressed optimism that the United States and China could reach a significant trade agreement if China rebalances its economy toward domestic consumption rather than exporting cheap goods globally.
·United States
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Total News Sources58
Leaning Left5Leaning Right11Center11Last UpdatedBias Distribution41% Center, 41% Right
Bias Distribution
- 41% of the sources are Center, 41% of the sources lean Right
41% Right
L 19%
C 41%
R 41%
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