Travel and Leisure Travel and Leisure
Mon, May 12, 2025
Sun, May 11, 2025

US-China tariff talks to continue Sunday as Trump touts 'great progress made' on first day


Published on 2025-05-11 14:06:35 - Fortune
  Print publication without navigation

  • "Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner," Trump wrote on his Truth Social platform.

On May 10, 2025, former Trump administration official Scott Bessent discussed the ongoing U.S.-China tariff negotiations and the potential impact of a second Trump presidency on trade relations. Bessent, who served as Deputy National Security Advisor for International Economic Affairs, emphasized that Trump's approach to China would likely be more aggressive than during his first term, with a focus on increasing tariffs to address the trade deficit and protect American industries. He highlighted the importance of the first day of a new Trump administration, suggesting that immediate actions on tariffs could set the tone for future negotiations. Bessent also noted that while some progress has been made in recent talks, significant challenges remain, particularly in areas like technology transfer and intellectual property rights.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/10/us-china-tariff-talks-trump-trade-war-first-day-scott-bessent/ ]