Bessent says 'we have the makings of a deal with China

https://www.cnbc.com/amp/2025/07/31/treasury-secretary-bessent-says-we-have-the-makings-of-a-deal-with-china.html
 

 

Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to a trade pact as a key tariff deadline nears.

"I believe that we have the makings of a deal," Bessent said during an interview on CNBC's "Squawk Box." "There's still a few technical details to be worked out on the Chinese side between us. I'm confident that it will be done, but it's not 100% done."