Treasury Secretary Scott Bessent said Sunday that the U.S. and China will likely avoid 100 percent American tariffs on Chinese goods after negotiators settled on a plan for a possible trade agreement.
Bessent told NBC News’ Kristen Welker that “after two days of negotiations” with Chinese International Trade Representative Li Chenggang in Malaysia, a “framework” has been established to move forward. This development suggests progress in easing trade tensions between the two nations.
The proposed framework aims to reduce the likelihood of full tariffs being imposed, which could have significant impacts on both economies. Further details are expected as discussions continue.
https://thehill.com/policy/international/5573659-us-china-trade-agreement-bessent/