China, Scott Bessent and of talks
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More: Trade deals possible this week but no talks with China; Scott Bessent testimony takeaways Bessent said the administration is in negotiations with 17 of the 18 largest U.S. trading partners ...
Treasury Secretary Scott Bessent gives "The Ingraham Angle" an update on trade negotiations with China and their next talks with Chinese counterparts.
US officials met with their Chinese counterparts for the first time on Saturday to go head-to-head over President Trump’s tariff war.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
It’s important to understand how quickly we were able to come to an agreement, which reflects that perhaps the differences were not as large as maybe thought.”
The talks in Switzerland resulted in significant cuts to the tit-for-tat tariffs that had been stacked up since January on both sides. The US will lower those tariffs from 145% to 30%, while China's retaliatory tariffs on US goods will drop to 10% from 125%.