FX.co ★ U.S. Treasury Secretary Says Tariff Talks with China “Very Good”

U.S. Treasury Secretary Scott Bessent announced on Tuesday that the United States has engaged in constructive discussions with China regarding tariffs, as both nations work towards a trade agreement during the 90-day suspension of tariff implementation. In an interview with Fox News, Bessent highlighted that "China currently represents the largest source of tariff revenue" and hinted at more dialogues to come, stating, "I anticipate we will meet with them again before November." He further remarked that "the current situation is functioning quite effectively for the moment."