China, Trump
Digest more
"So I would expect that the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime."
Treasury Secretary Scott Bessent said 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" between the U.S. and China.
President Donald Trump will meet with key leaders over the next several days in Malaysia, Japan and South Korea, including a closely watched sit-down with Chinese leader Xi Jinping. Follow for live updates.
Scott Bessent told NBC News that President Donald Trump would most likely visit Chinese President Xi Jinping in Beijing early next year.
China’s soybean imports hit a record high for the month of September, even as the country avoids US supplies amid a resurgence in trade tensions between the agriculture powerhouses.'
In response, Trump from November 1, the U.S. would impose a tariff of 100 percent on China, over and above any duty that they are currently paying and will enact export controls on all critical software.
In an interview with Meet the Press, Treasury Secretary Scott Bessent says China is prepared to reach an agreement after two days of negotiations to avoid the harsher 100% tariffs threatened by President Trump.
The swing through Malaysia, Japan and South Korea is expected to test President Trump’s skills as a statesman and negotiator.
Feedback