Bessent: US, China Eye Tariff Cuts on Noncritical Goods — SkimNews
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- Treasury Secretary Scott Bessent said Monday on CNBC's "Squawk Box" that U.S. and Chinese officials are considering lowering tariffs on "noncritical" products
- The tariff talks coincide with Trump preparing to host Chinese President Xi Jinping this week in Washington, D.C., positioning the summit for a possible partial deal
Why it matters: Bessent's "noncritical" carve-out framework gives both sides room to announce a partial deal at the Trump-Xi summit without dismantling the broader tariff architecture — concrete political cover for two leaders who each need a win.
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