US Edition
Published • loading... • Updated
Bessent Says ‘We Have the Makings of a Deal’ with China
STOCKHOLM, SWEDEN, JUL 30 – U.S. and Chinese officials held extensive talks in Stockholm aiming to extend a tariff pause and resolve trade disputes before an August 12 deadline, with Trump optimistic about a fair deal.
- On July 28, representatives from the U.S. and China convened in Stockholm for a discussion lasting over five hours to negotiate a possible three-month extension to their existing tariff ceasefire.
- These talks followed preliminary agreements in May and June aimed at ending escalating tariffs and rare earth mineral restrictions before the August 12 deadline.
- U.S. Treasury Secretary Scott Bessent described the negotiations as tough, said negotiators pushed back, and stated the deal is not 100% done but has the makings of success.
- President Trump said on July 30, "We're doing fine with China," expected a fair deal on trade, and warned higher tariffs would begin August 1 amid ongoing talks with Canada.
- Despite earlier 145% U.S. and 125% Chinese duties, both sides have since lowered rates to 30% and 10%, but no final deal has been reached by the August 12 deadline.
Insights by Ground AI
16 Articles
16 Articles
“I believe we have the elements of an agreement,” said the US Treasury Secretary.
·Brazil
Read Full Article
Bessent Says ‘We Have the Makings of a Deal’ with China
Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to a trade pact as a key tariff deadline nears, CNBC reports. Said Bessent: “I believe that we have the makings of a deal. There’s still a few technical details to be worked out on the Chinese side between us. I’m confident that it will be done, but it’s not 100% done.”
·New York, United States
Read Full Article
In the past two days, the US and China had not been able to determine for the time being at trade talks in Stockholm for a possible extension of their tariff break, but they were on the right track, according to US President Trump.
·Vienna, Austria
Read Full ArticleCoverage Details
Total News Sources16
Leaning Left0Leaning Right3Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
C 63%
R 37%
Factuality
To view factuality data please Upgrade to Premium
