1) Fentanyl tariff may come off. Bessent said it’s “implausible” that reciprocal tariffs on China go below 10%, but the April 2 level — set by President at 34% — “would be a ceiling.” He also said that “we could see some amount of the fentanyl tariffs perhaps come off,” if there were “excellent engagement” from Beijing on solutions toward solving that crisis.
2). purchase agreement. Speaking to reporters earlier in Geneva, the Treasury chief said, “We expect that as the negotiations proceed, that there will also be the possibility of purchase agreements to pull what is our largest bilateral trade deficit into balance.”
3) what after 90 days without final agreement. "“Just like with all our other trading partners, as long as there is good faith effort, engagement and constructive dialog, then we will keep moving forward,” he said.----keep moving forward
4). sectoral tariff, " tariff reductions don’t apply to sectoral duties imposed on all US trading partners"
---per bloomberg
