Treasury Talks: U.S. and China Seek Trade Harmony

Treasury Secretary Scott Bessent stated that the U.S. is having encouraging discussions with China on tariffs during a 90-day pause, aiming for a trade agreement. He highlighted China's significant role in tariff revenues and expressed optimism about future negotiations before November.

In a recent interview with Fox News, Treasury Secretary Scott Bessent shared insights into the ongoing trade talks with China. The discussions aim to resolve tariff issues during a 90-day halt in implementation.

Bessent emphasized the positive nature of the conversations, highlighting China's pivotal role in U.S. tariff revenue. He suggested that continued dialogue could lead to a feasible trade agreement.

The Secretary expressed optimism about reconvening discussions with Chinese representatives before November, signaling a hopeful outlook amid the trade negotiations.

(With inputs from agencies.)