U.S., China Trade Talks

This is a U.S. news story, published by Global News, that relates primarily to Scott Bessent news.

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U.S., China trade talks set for weekend amid ongoing tensions - National | Globalnews.ca

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U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China ’s economic tsar He Lifeng in Switzerland this weekend .

The talks come after weeks of escalating tensions that have seen duties on goods imports soar well beyond 100 per cent .

The impasse has upended supply chains, roiled financial markets and stoked fears of a sharp downturn in global growth.

U.S. and Britain have made progress towards a trade deal, a British official said.

Bessent told lawmakers earlier in the day that the Trump administration was negotiating with 17 major trading partners and could announce trade agreements with some of them as early as this week .

Trump ’s moves on tariffs, which he says are aimed in part at reducing the trade deficit, are so far having an opposite effect.

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