U.S. and China could reach trade deal to avoid 100% tariffs, Scott Bessent says

NBC NewsSunday, October 26, 2025 at 10:39:31 AM
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U.S. and China could reach trade deal to avoid 100% tariffs, Scott Bessent says
Treasury Secretary Scott Bessent has indicated that the U.S. and China are on the verge of reaching a significant trade deal that could prevent the imposition of 100% tariffs on Chinese goods. This development is crucial as it not only reflects ongoing diplomatic efforts between the two economic giants but also has the potential to stabilize global markets and benefit consumers by keeping prices in check.
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