Bessent says US, Chinese officials considering lowering tariffs on ‘noncritical’ items
Summary
U.S. Treasury Secretary Scott Bessent said that officials from the United States and China are thinking about lowering tariffs on some less important products. This comes ahead of a meeting between President Donald Trump and Chinese President Xi Jinping in Washington, D.C.Key Facts
- Treasury Secretary Scott Bessent spoke about U.S.-China talks on tariffs.
- They are considering reducing tariffs on "noncritical" items.
- The proposed deal could affect about $30 billion worth of goods.
- The talks happen as President Trump prepares to meet President Xi Jinping.
- The meeting will take place in Washington, D.C.
- Tariffs are taxes added to imported goods.
- Lowering tariffs could ease trade tensions between the U.S. and China.
- The discussions are part of ongoing trade negotiations between the two countries.
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