US and China Reach Trade Deal Framework, Easing Tensions and Market Uncertainty
TL;DR Summary
Treasury Secretary Scott Bessent announced that additional 100% tariffs on China are 'effectively off the table' following positive trade talks with Beijing, and expects the threat of such tariffs and Chinese export controls to diminish, with key discussions including trade issues and the TikTok deal.
- Treasury Secretary Scott Bessent says additional 100% tariffs on China are "effectively off the table" CBS News
- Trump’s China Deal May Avert a Crisis of His Own Making The New York Times
- Asia markets and US stock futures rise after US and Chinese officials agree on trade deal framework CNN
- China will make 'substantial' purchases of U.S. soybeans and should avoid 100% tariff, Bessent says Fortune
- Opinion | A one-year reprieve from Chinese rare earth blackmail The Washington Post
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