US Treasury Secretary Scott Bessent describes the threat of 100% tariff on China was “off the table” after trade talks with Chinese counterparts. On the other hand, the Chinese team said “basic consensus” was reached, easing tensions ahead of US President Trump’s highly anticipated sit-down with Chinese leader Xi Jinping next week.
Before he arrived in Asia, Trump announced a hike in tariffs on Canada, addressed peace efforts in Gaza and Ukraine, and also previewed his meetings with key leaders in comments made during the long-haul flight.
