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US Treasury Sec.: CN, US Agree Decoupling Not Ideal, See Opportunity to Reach Purchase Deal w/ CN
The U.S. and China announced an agreement to radically reduce tariffs for 90 days. U.S. Treasury Secretary Scott Bessent stated that both countries agree they do not want decouplin...
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US Treasury Sec.: CN, US Agree Decoupling Not Ideal, See Opportunity to Reach Purchase Deal w/ CN
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The U.S. and China announced an agreement to radically reduce tariffs for 90 days. U.S. Treasury Secretary Scott Bessent stated that both countries agree they do not want decoupling and see potential for a purchase agreement with China. The two nations will establish a mechanism to continue discussing economic and trade issues.

Bessent noted that the talks included in-depth and productive discussions on follow-up measures regarding fentanyl. The current tariff reductions do not apply to certain industries, whereas tariffs imposed during the first Trump administration remain in effect.

Related NewsTrump: CN Agrees to Remove Non-tariff Barriers on US Imports
U.S. Trade Representative Jamieson Greer said enormous efforts have been made to repair ties with China, and the U.S. aims for more balanced trade with China.

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