U.S. and Chinese officials are exploring a potential agreement to cut tariffs on certain products ahead of a high-stakes meeting between the two nations’ leaders. Treasury Secretary Scott Bessent suggested discussions are underway to ease trade restrictions on goods deemed "noncritical," signaling a possible step toward de-escalating tensions. The proposal, reportedly floated during recent talks, targets a portion of the $30 billion in tariffs imposed as part of the ongoing trade dispute. Analysts will be watching closely to see if this marks a shift in the broader economic standoff between the world’s two largest economies.
Treasury Secretary Scott Bessent said Monday officials from the U.S. and China are considering lowering tariffs on “noncritical” products, as President Trump prepares to host Chinese President Xi Jinping this week in Washington, D.C. During an interview on CNBC’s “Squawk Box,” Bessent said the two sides “floated” a deal to reduce tariffs on $30 billion...
