US and China Near Trade Deal Amid Tariff Concerns
TL;DR Summary
Treasury Secretary Scott Bessent indicated that the US and China are moving towards de-escalating their trade tensions, with China expected to make substantial soybean purchases and avoid an additional 100% tariff, while some export restrictions may remain in place.
- China will make 'substantial' purchases of U.S. soybeans and should avoid 100% tariff, Bessent says Fortune
- Live updates: US and China reach ‘basic consensus’ on trade as Trump begins Asia tour | CNN Politics CNN
- US, China Tee Up Trade Pact Ahead of Trump-Xi Meeting Bloomberg.com
- Chinese and U.S. officials tentatively agree to avert 100 percent tariffs The Washington Post
- Trump Live Updates: News on China Trade Deal Framework, Asia Tour and Canada Tariffs The New York Times
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 2 min read
Condensed
90%
392 → 39 words
Want the full story? Read the original article
Read on Fortune