U.S. Treasury Secretary Scott Bessent announced plans to meet with his Chinese counterpart in the coming weeks to advance trade discussions between the world’s two largest economies, amid escalating tariff threats from President Donald Trump.
What Happened: “I’m going to be meeting with my Chinese counterpart at sometime in the next couple of weeks,” Bessent said in a CNBC interview on Monday. “We had good meetings in Geneva, in London. We both approached it with great respect.”
The announcement comes as Trump intensifies pressure on China through comprehensive tariff restructuring. On Sunday, Trump threatened an additional 10% tariff on any country aligning with BRICS anti-American policies, targeting the ten-nation alliance, including China, …