China, Scott Bessent
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China, tariff and de minimis
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Former Treasury Secretary Lawrence Summers applauded the Trump administration’s walk-back from what he characterized as overly aggressive trade protection measures, singling out Scott Bessent in particular for his weekend work with China.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer told reporters that more details would be provided on Monday.
Representatives from China and the U.S. met for a second day Sunday to discuss trade policies amid fallout from President Donald Trump’s tariff plan.
An alumnus of the first Trump White House assessed that, of Trump’s Cabinet, Bessent seems to be the “most serious person in the room.”
Tariff deals could be announced this week ... Trump has signaled multiple times in recent weeks that trade talks with China are underway. Bessent told the House panel that the Internal Revenue ...
Officials wrapped up two days of bargaining in Switzerland and touted "substantial progress." More details are expected on Monday.
The U.S.-China tariff deal sent the tech-heavy Nasdaq soaring, entering a bull market, and economists are optimistic that the U.S. may dodge a recession.