The U.S. and China have a deal to cut tariffs
China and the US have agreed to establish a consultation mechanism to continue discussing trade issues going forward, US Treasury Secretary Scott Bessent said on Monday. He added, “We concluded that we have shared interest and we both have an interest in balanced trade.” This comes after the US and China held two days of trade talks earlier this week.
The U.S. and China have begun talks in the aftermath of the Trump’s tariffs
USTreasury Secretary Scott Bessent has said that negotiations with China on trade have made “substantial progress” and more details would be announced on Monday. US and China have held two days of trade talks in Geneva. US Treasury Secretary Bessent said that the two sides had made “substantial progress”. Chinese Vice Premier He Lifeng is also participating in the talks.
Republicans are at risk of tariffs like no other
The US has experienced recessions every 7.4 years since the end of World War II, according to the National Bureau of Economic Research. US Treasury Secretary Scott Bessent, in an interview with NBC’s ‘Meet the Press’ on Sunday, downplayed concerns about a recession, saying that there is no reason why we need to price in a recession after the March jobs report.