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US trade team will meet Chinese officials in two or three months, Bessent says
US and Chinese trade officials plan to meet within 2-3 months after extending a 90-day tariff truce to ease trade tensions, Treasury Secretary Scott Bessent said.
- Treasury Secretary Scott Bessent said US and Chinese officials may meet in the next 2-3 months, but no date has been set.
- Alongside the new 10 per cent base tariff, President Donald Trump imposed 20 per cent tariffs on Chinese imports in February.
- Following the truce extension, trading partners paused duties for 90 days, and Bessent said the US needs "months, if not quarters, if not a year" of fentanyl progress before reducing tariffs.
- Amid the standoff, Washington accuses Beijing of failing to curb precursor chemicals for fentanyl, while Beijing defended its record and accused Washington of using fentanyl to "blackmail" China.
- Next, US trade officials will meet Chinese counterparts within two or three months to discuss future economic ties, Bessent said on Tuesday.
13 Articles
13 Articles
China's property woes worsen while Trump tightens trade screws
TOKYO — Xi Jinping’s inner circle in Beijing has had a busy couple of months popping the champagne corks. Along with China growing 5%-plus as the US economy hits a rough patch, President Xi’s team just scored yet another extension on trade talks from Donald Trump. That means another 90 days of stringing along a […] The post China’s property woes worsen while Trump tightens trade screws appeared first on Asia Times.
US trade team will meet Chinese officials in two or three months, Bessent says
U.S. trade officials will meet again with their Chinese counterparts within the next two or three months to discuss the future of the economic relationship between the two countries, Treasury Secretary Scott Bessent said on Tuesday.
Chinese Tech 'Piggybacking' From US, Says Treasury Secretary Bessent
A day after Nvidia Corp. and Advances Micro Devices Inc. agreed to pay 15% of their revenues from Chinese AI chip sales to the US government, Treasury Secretary Scott Bessent said the move was necessary as Chinese technology companies have been “piggybacking” on American innovation.In an interview with Bloomberg TV, Bessent said the deal devised by US President Donald Trump ensures that American taxpayers benefit from Chinese purchases of advanc…
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