U.S. and China near major trade deal ahead of Trump–Xi meeting
Treasury Secretary Scott Bessent says the United States and China have reached a framework for a trade agreement that could prevent steep new tariffs on Chinese imports.
(CNN)- Treasury Secretary Scott Bessent says the United States and China have reached a framework for a trade agreement that could prevent steep new tariffs on Chinese imports. “I believe that we have the framework for the two leaders to have a very productive meeting for both sides,” Bessent said Sunday. The deal could stop a planned 100% tariff hike…