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US, China tariffs need to fall for trade talks to start, Bessent says

  • US Treasury Secretary Scott Bessent discussed potential US tariff reductions on Chinese imports on April 23.
  • The Trump administration considers reducing tariffs to help reduce tensions between the two nations.
  • The administration explores non-tariff barriers and government subsidies beyond tariffs in trade talks.
  • Bessent stated, "current tariff levels are not sustainable" in a mutual way.
  • Fully rebalancing the trade relationship could require two to three years.
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  • 43% of the sources are Center
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der Standard DE broke the news in on Wednesday, April 23, 2025.
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