Bessent, who traveled to Switzerland earlier this month for talks with Chinese officials that saw both sides retreat from tariffs over 100% on each other’s goods, said he believes more talks will happen with Chinese officials “in the next few weeks.” Still, Bessent said he sees the personal involvement of both country leaders as essential.
“I think that given the magnitude of the talks, given the complexity, that this is going to require both leaders to weigh in with each other,” Bessent said.Bessent said in the interview that a couple of large trade deals are near. Among talks in more advanced stages, he plans to meet with a Japanese delegation Friday in Washington.
Those talks come amid a whiplash of court rulings centering on whether Trump is allowed to implement his signature “reciprocal” tariffs at all. The US Court of International Trade found earlier this week that the vast majority of the tariffs Trump has imposed since returning to the White House were illegal and ordered them reversed. An appellate court Thursday subsequently paused that ruling, allowing Trump’s tariff orders to remain in place for now as his administration appeals the adverse decision.
Bessent said in the interview that a couple of large trade deals are near. Among talks in more advanced stages, he plans to meet with a Japanese delegation Friday in Washington.
Those talks come amid a whiplash of court rulings centering on whether Trump is allowed to implement his signature “reciprocal” tariffs at all. The US Court of International Trade found earlier this week that the vast majority of the tariffs Trump has imposed since returning to the White House were illegal and ordered them reversed. An appellate court Thursday subsequently paused that ruling, allowing Trump’s tariff orders to remain in place for now as his administration appeals the adverse decision.
