U.S. and China Poised for New Trade Talks

U.S. Treasury Secretary Scott Bessent announced plans for imminent in-person trade talks between the U.S. and China. Following a successful meeting in Switzerland, further large-scale agreements are anticipated. Bessent shared expectations on Bloomberg TV but withheld specific details.

U.S. Treasury Secretary Scott Bessent revealed on Friday that he anticipates forthcoming in-person trade negotiations between the United States and China.

Earlier this month, representatives from both nations met in Switzerland, yielding a deal that significantly reduces tariffs and other retaliatory measures. The progress marks a positive step in easing trade tensions.

In a conversation broadcast on Bloomberg TV, Bessent projected that notable agreements will surface in the coming weeks, although he withheld further information on what those might entail.

(With inputs from agencies.)