Ahead of Trump-Xi Meeting, Scott Bessent Reveals If US Will Impose 100% Tariffs On China #HindustanTimes
Ahead of Trump-Xi Meeting, Scott Bessent Reveals If US Will Impose 100% Tariffs On China
U.S. Treasury Secretary Scott Bessent revealed that talks with China have produced a major trade agreement framework to be finalized by President Trump and President Xi at their upcoming South Korea summit, averting 100% U.S. tariffs on Chinese goods. China has agreed to postpone sweeping rare earth export restrictions for a year, expand agricultural imports (including soybeans), and take concrete steps to curb fentanyl precursor exports fueling America’s opioid crisis. The positive outcome—reached after Bessent leveraged Trump’s tariff threats—means no new tariffs, quarterly review meetings, and progress on long-standing disputes, setting the stage for potential collaboration on Trump’s global peace initiatives.
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#USChinaTradeDeal #TrumpXi #ScottBessent #TradeTalks #RareEarths #Tariffs #Soybeans #Fentanyl #OpioidCrisis #USChinaRelations #AsiaSummit #GlobalEconomy #BreakingNews #TariffSuspension #SouthKoreaSummit #TradeFramework #BilateralAgreement #TrumpAsiaTour #WorldEconomy #InternationalNegotiations
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