U.S. Treasury Secretary Scott Bessent said that the U.S. and China have made ‘substantial progress’ in the basic framework of a trade agreement

U.S. Treasury Secretary Scott Bessent said that the U.S. and China have made ‘substantial progress’ in the basic framework of a trade agreement.

As a result, the 100% additional tariffs on Chinese goods announced in October are highly unlikely to be implemented, and the two countries are also discussing cooperation on security agreements.

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