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Bessent sees trade deal likely with China before November deadline on reciprocal tariffs
Treasury Secretary Scott Bessent expressed confidence Tuesday that a trade deal with China is near. With so-called reciprocal tariffs set to take effect in November, Bessent said during a CNBC interview that he expects further talks to happen before then. “We’ll be seeing each other again,” he said during a wide-ranging exchange on “Squawk Box. “Each one of those talks has become more and more productive. I think the Chinese now sense that a trade deal is possible.” The statement comes with talks taking a series of twists and turns since Trump announced his initial “liberation day” duties on U.S. ... (full story)