JUST IN: US Treasury Secretary Bessent says China is ready to make a trade deal which would remove President Trump's 100% tariff.
This news describes a significant development in US-China trade relations. According to US Treasury Secretary Bessent, China is reportedly prepared to reach a trade deal that would lead to the removal of the 100% tariffs previously imposed by President Trump.
In essence, it signals a potential de-escalation of trade tensions between the two economic powerhouses, which could have far-reaching implications for global markets, supply chains, and various industries. The removal of tariffs often leads to increased trade volume, potentially lower costs for consumers, and altered competitive landscapes for businesses.
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