U.S., China Reach Rare Earths
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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.
"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."
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.
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.
DPA International on MSN
US-China trade talks yield preliminary agreement, China says
China and the United States have moved closer to resolving their tariff dispute, according to a senior Chinese official and US media. Both sides have reached a preliminary agreement, said Li Chenggang,
China’s craze for crude is part of a grander plan. Since early 2024, when it became clear that President Donald Trump might return to the White House, officials have stockpiled fuel, food and metals to limit exposure to sanctions and tariffs.
The swing through Malaysia, Japan and South Korea is expected to test President Trump’s skills as a statesman and negotiator.
China has reported that its economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand.
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