US Treasury Secretary Scott Bessent is engaging in talks with Chinese officials to address escalating trade tensions between the US and China, which could jeopardize global economic stability. Despite a low likelihood of breakthroughs, discussions may advance the potential for lowering the crippling tariffs imposed by both nations. Trump previously increased tariffs on Chinese imports to 145%, to which China responded with a 125% tariff on US goods. Experts believe even minor agreements could signal a detente in hostilities, emphasizing the need for tangible actions beyond mere words.
"The best scenario is for the two sides to agree to de-escalate on the ... tariffs at the same time," she said, adding even a small reduction would send a positive signal. "It cannot just be words."
"80% Tariff seems right! Up to Scott." This comment by Trump shows the unpredictable stance the US has taken regarding tariffs.
Collection
[
|
...
]