U.S. and China to talk trade in Stockholm
Digest more
3don MSN
China trade has reached a "good place" with reduced tariffs, but said China's 30% share of global manufacturing is unsustainably imbalanced.
Treasury Secretary Scott Bessent blasted former Treasury Secretary Janet Yellen in response to her criticizing the Trump administration’s economic and
5don MSN
The Trump administration’s trade deal with China that sharply lowered the tariff rate on Chinese imports is expected to be extended past its Aug. 12 deadline, Treasury Secretary Scott Bessent predicted Tuesday, though he maintained higher tariff rates on other countries’ imports are still slated to take effect Aug. 1 as scheduled.
Most Read from BloombergAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsThe Dutch Intersection Is Coming to Save Your LifeLA Homelessness Drops for Second YearTreasury Secretary Scott Bessent suggested the deadline for a US-China tariff truce slated to end next month is flexible,
Investors will be keeping a close watch on Chinese markets following reports that the U.S. and China will resume trade talks in Stockholm on Monday.
The Trump administration is more concerned with the quality of trade agreements than their timing, U.S. Treasury Secretary Scott Bessent said on Monday ahead of an August 1 deadline for countries to secure trade deals or face steep tariffs.