U.S. trade officials plan to meet with their Chinese counterparts within the next two or three months to discuss the future of economic relations between the two countries, Treasury Secretary Scott Bessent said Tuesday.
The announcement comes a day after the Trump administration extended a 90-day pause on implementing higher U.S. tariffs on Chinese imports.
Speaking in an interview on Fox Business Network's "Kudlow," Bessent indicated that any potential reduction in tariffs on China would require substantial progress on addressing fentanyl flows.
"The U.S. will need to see months, if not quarters, if not a year of progress on fentanyl flows before it considers reducing tariffs on China," Bessent said.
Source: Investing.com
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