Treasury Secretary Anticipates Progress in Trade Talks with China

October 26, 2025 - 22:56

Treasury Secretary Scott Bessent has expressed optimism regarding upcoming trade negotiations between the United States and China. As President Trump prepares for a meeting with Chinese President Xi Jinping in Korea next week, Bessent believes that significant advancements can be made, particularly concerning trade issues and the contentious TikTok deal.

Bessent noted that the previously discussed 100% tariff threat against China is now "effectively off the table," signaling a shift in the administration's approach to trade relations. This development comes as both countries seek to stabilize their economic interactions and address ongoing tensions that have characterized their relationship.

The anticipated meeting is seen as a pivotal moment for both leaders, as they aim to bridge gaps and foster cooperation. With trade being a central focus, stakeholders are eager to see how the discussions unfold and what potential agreements may emerge from this high-stakes dialogue.