Bessent says "substantial progress" made in China tariff talks
Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
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Trade discussions between Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng ended after a weekend of prolonged negotiations.
This week on "Face the Nation with Margaret Brennan," Commerce Secretary Howard Lutnick and Sen. John Barrasso discusses the new tariffs announced by President Trump. Rep. Don Bacon and Sen. Maria Cantwell discusses a measure in Congress to claw back its authority over trade and NATO Secretary General Mark Rutte discusses next steps in the Russia-Ukraine war and the impact from the tariffs on the military alliance.
President Trump's sudden and unpredictable tariffs have caused tremendous concerns among small business owners, whose livelihoods are now in jeopardy.
The flow of goods from China into the U.S. has slowed dramatically, which could soon mean job cuts, shortages and tough choices for consumers. However, there is progress in the trade war between the two countries. For the first time, negotiators are meeting. Elise Preston has more.
President Trump opened the door to lowering tariffs on China as U.S. and Chinese officials prepare to meet this weekend.
President Trump appeared to give his treasury secretary his starting point in trade talks with Beijing set for this weekend. Weeks after imposing a 145% tariff on China, the president posted, "80-percent tariff on China seems right." Kelly O'Grady explains.
Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese officials for trade talks in Switzerland this weekend. Ahead of the meeting, President Trump seemed to suggest he'd be open to lowering the tariff rate on Chinese imports. CBS News' Nikole Killion and Kelly O'Grady have more.
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White House press secretary Karoline Leavitt commented on President Trump's latest social media post about lowering tariffs on China to 80%. This comes as the U.S. prepares to hold trade talks with China in Switzerland. CBS News' Aaron Navarro reports.
The U.S. and China are preparing to discuss a possible trade deal in Switzerland days after the U.K. reached an agreement with the Trump administration. CBS MoneyWatch correspondent Kelly O'Grady reports.
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President Trump appears ready to lower tariffs on China as the U.S. prepares for trade talks in Switzerland. Peter Goodman, a reporter for The New York Times, joins CBS News with what to expect.
The trade deal between the U.S. and the United Kingdom expands access to American beef and ethanol, while maintaining some tariffs at 10%. CBS News' Nancy Cordes reports.
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President Trump announced a trade deal Thursday expanding U.S. market access in the U.K. Although many agreement details still need to be worked out, Mr. Trump says his administration could soon announce more deals with other nations. Martin Baccardax, senior editor and markets correspondent for TheStreet, joins "America Decides" with analysis.
Treasury Secretary Scott Bessent is traveling to Switzerland, where he will lead U.S. trade talks with China this weekend. When asked about progress between the two nations on Thursday, President Trump insisted that China is open to negotiations when it comes to tariffs. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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