U.S.-China Trade Talks: Optimism Amid Tariff Reduction Plans
Trump signals willingness to reduce tariffs on Chinese imports as negotiations with China remain ongoing and Treasury Secretary Bessent calls for a rebalancing of trade.
Trump risks his approval rating falling the longer markets appear destabilized, US economic growth forecasts appear threatened, and the US dollar's dominance in global trade risks disruption.
Trump is “desperate” to make a deal—China isn’t, analysts say
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Because a trade agreement has not yet been reached, some American companies are reportedly reluctant to hire during this period of uncertainty.
Bessent aims to de-escalate China trade war: 'The current status quo is unsustainable'
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The speech eased concerns of a trade war escalation and prompted American equities and U.S. government bonds to surge.
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The comments come as the trade war between the world's two biggest economies has escalated in recent weeks.
Opportunity for big US-China trade deal, says Scott Bessent
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While it has been at the expense of many Western markets, China's rise has been rapid and impressive.
Treasury Secretary Bessent says there's an opportunity for a 'big deal' with China
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While Bessent said that "more than 100 countries" have now approached the U.S. to address trade imbalances, he reasserted a key Trump talking point that the rest of the world — as well as past U.S. presidents — were responsible for harming America’s heartland.
NBC News·20h·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Trump, who has complained that the U.S. is treated "very unfairly" by its international trading partners, has raised tariffs on Chinese imported goods to 145%, while Beijing has retaliated by slapping 125% tariffs on American products entering China.
China Emphasizes 'Equality,' 'Respect' in U.S. Trade Talks
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The White House is optimistic about a potential trade deal with China.
Potential Trade Deal With China ‘Moving in the Right Direction’: White House
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The ongoing tariffs showdown against China is unsustainable and expects a de-escalation in the trade war between the world’s two largest economies.
US Treasury secretary says trade war with China is not ‘sustainable’
Boston Herald·2d·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.The uncertainty over tariffs in the financial markets has also been amplified by Trump calling on the Federal Reserve to cut its benchmark interest rate, with the president saying he could fire Fed Chair Jerome Powell if he wanted to do so.
US Treasury secretary says trade war with China is not 'sustainable'
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Summary
U.S. Treasury Secretary Scott Bessent reiterated the unsustainability of current tariffs in U.S.-China trade relations, where tariffs have reached 145% on Chinese imports and 125% on U.S. goods. President Trump confirmed his readiness to cut tariffs, possibly to a range of 50-65%, but analysts warn this may weaken U.S. negotiating power. Despite urgency expressed by Trump, China remains indifferent, suggesting a willingness to wait for more favorable terms. Meanwhile, ongoing negotiations are complicated by unresolved issues surrounding apps like TikTok, reflecting the broader complexities of U.S.-China relations.
Perspectives
Treasury Secretary Scott Bessent highlighted the potential for a 'big deal' with China on rebalancing its economy away from manufacturing exports, emphasizing that it's an opportunity for collaborative change.
While acknowledging ongoing tensions, Bessent emphasized the need for the U.S. to play an active role in fixing trade imbalances, particularly with China, which he described as having an 'unsustainable' economic model.
The U.S. administration is showing a willingness to lower tariffs as part of a strategy to engage with China, although it remains crucial to manage the negotiations carefully to avoid appearing desperate.
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