US, China tariffs need to fall for trade talks to start, Bessent says
- US Treasury Secretary Scott Bessent discussed potential US tariff reductions on Chinese imports on April 23.
- The Trump administration considers reducing tariffs to help reduce tensions between the two nations.
- The administration explores non-tariff barriers and government subsidies beyond tariffs in trade talks.
- Bessent stated, "current tariff levels are not sustainable" in a mutual way.
- Fully rebalancing the trade relationship could require two to three years.
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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
Read Full ArticleTrump 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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Leaning Left5Leaning Right11Center12Last UpdatedBias Distribution43% Center
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