Treasury Secretary Scott Bessent told CNBC on Tuesday that a trade deal between the United States and China “is possible” before reciprocal tariffs are set to take effect in November.
“We’ll be seeing each other again” before the tariffs go into effect, Bessent told “Squawk Box” in an interview. “Each one of those talks has become more and more productive. I think the Chinese now sense that a trade deal is possible.”
He added that U.S. trade partners have said that “Chinese goods are flooding their markets, and they don’t know what to do about it. They’re slightly apoplectic that these goods are coming in.”
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