US-China trade tensions: Scott Bessent says ‘substantial framework’ reached
US Treasury Secretary Scott Bessent announced a substantial framework to prevent 100% tariffs on Chinese goods and defer rare earths export controls. High-level talks in Kuala Lumpur preceded this development, aiming for more balanced trade, agricultural purchases, and fentanyl crisis measures. The framework is expected to be finalized by Presidents Trump and Xi.🕒 1 min read
US Treasury Secretary Scott Bessent announced a substantial framework to prevent 100% tariffs on Chinese goods and defer rare earths export controls. High-level talks in Kuala Lumpur preceded this development, aiming for more balanced trade, agricultural purchases, and fentanyl crisis measures. The framework is expected to be finalized by Presidents Trump and Xi.
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