Trade talks between US and China continue
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As the trade standoff with China continues, President Trump announced the tariff on foreign steel will double from 25% to 50%.
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MiBolsilloColombia on MSNScott Bessent talks about 'a stalemate' in talks with China, tariff pause expires July 9The Trump administration's trade policy remains a source of uncertainty, highlighted by U.S. Treasury Secretary Scott Bessent's recent comments on a 'stalemate' in negotiations with China.
The US and China agreed to a framework and implementation plan to ease trade tensions on Tuesday. “We have reached a framework to implement the Geneva consensus,” US Commerce Secretary Howard Lutnick said.
Treasury Secretary Scott Bessent said he believes President Trump and Chinese President Xi Jinping will speak soon, after Mr. Trump said China violated its trade agreement with the U.S.
The U.S. and China are extending trade talks in London aiming for a breakthrough in export control disputes. U.S. Treasury Secretary Scott Bessent and other key officials are working to resolve tensions over tariffs and rare earths,
Treasury Secretary Scott Bessent took a victory lap Sunday over recent inflation numbers that show a key benchmark hitting a four-year low, hailing it as vindication against the naysayers who