A rare earths deal between the US and China will “hopefully” be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that were broadcast on Sunday. Bessent’s comments follow a framework agreement announced last month in which Washington agreed not to impose 100 per cent tariffs on Chinese imports and China would hold off…
President Trump’s closely-watched summit with Chinese President Xi Jinping is set for this Thursday in South Korea with increasing expectations after the weekend of advance talks have resulted in an environment that both sides say could be conducive to compromise. “I believe we’ve reached a very substantial framework that will avoid [a tariff hike] and…
United States Treasury Secretary Scott Bessent said that he and Chinese Vice President He Lifeng have conducted “detailed discussions” on US-China trade, according to a Reuters report. Speaking to reporters on October 17, Bessent said, “Vice Premier He Lifeng and I engaged in frank and detailed discussions regarding trade between the United States and China.”…
By Lewis Jackson and Amy Lv (Reuters) -U.S. Democrats have asked the Trump administration to press China to curb “structural overproduction”, essentially overhauling Beijing’s economic model, as Treasury Secretary Scott Bessent holds talks with Chinese officials in Spain. Democratic members of a House of Representatives committee on China said any bilateral trade deal should include…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Treasury Secretary Scott Bessent is doubling down on the potential economic upsides of the tariffs, predicting massive revenue growth for the U.S. Government, alongside a boost to the domestic economy. On Tuesday, in a post on X, Bessent…