The U.S. has agreed to drop its 145% tariff rate on Chinese goods to 30%, while China has agreed to lower its rate on U.S.

U.S. negotiators said Sunday that “substantial progress” was made and “perhaps the differences weren’t so large” after two ...

U.S. Treasury Secretary Scott Bessent hailed the progress made with China on tackling fentanyl at trade talks in Switzerland, saying Beijing is "now serious" about the issue.

Deaths in the U.S. attributed to fentanyl have surged in the past decade, topping 76,000 in 2022 alone, according to the CDC.

Former Treasury Secretary Larry Summers praised Scott Bessent, who currently serves in that role under President Donald Trump ...

U.S. Treasury Secretary Scott Bessent said the U.S. and China made “substantial progress” in talks to diffuse the trade war between the two countries after President Trump announced tariffs of 145% ...

Scott Bessent confirmed to Congress that no negotiations with China over tariffs have occurred since Trump announced a controversial policy roughly a month ago.

U.S. Treasury Secretary Scott Bessent ... substantial progress between the United States and China in the very important trade talks,” Bessent said. He echoed the positive sentiment of Trump ...