US Edition
Bessent says US has 'makings of a deal' with China
STOCKHOLM, SWEDEN, AUG 1 – U.S. negotiators made progress in Stockholm talks aiming to end tariff escalation with China ahead of an August 12 deadline, Treasury Secretary Bessent said.
- On Friday , U.S. Treasury Secretary Scott Bessent said he believes Washington and Beijing are nearing a trade deal after two days of negotiations in Stockholm.
- With the deadline on August 12, China is facing a looming deadline to finalize a tariff agreement with President Donald Trump, as talks aim to halt a tariff war.
- In Stockholm, U.S. and Chinese officials pushed back over two days of trade talks, with disagreements on Beijing’s rare earth export restrictions, Bessent said.
- U.S. officials said no major breakthroughs were announced and that President Donald Trump will decide whether to extend the 90-day tariff truce after productive talks in Stockholm.
- Meanwhile, Bessent stressed the deal is `not 100% done` despite progress, with China’s control of rare earth flows adding to the complexity.
8 Articles
8 Articles
This is a confirmation of the main negotiations that are going on right now in the context of Trump's announced “10-12 day period”. And these talks are not with Russia. The United States and China are discussing a trade deal, - writes Bloomberg. The talks are taking place in Stockholm. China is represented by Vice Prime Minister He Lifeng, and the United States is represented by Treasury Secretary Scott Bessent.One of the central topics is China…
"This week's negotiations in Stockholm have moved our talks with China forward," said the US Treasury Secretary.
Bessent Optimistic On US-China Ties, Says 'Makings Of A Deal' In Place
China faces an August 12 deadline to finalise a lasting tariff agreement with President Trump’s administration after earlier preliminary deals in May and June. The post Bessent Optimistic On US-China Ties, Says ‘Makings Of A Deal’ In Place appeared first on StratNews Global.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
