#TariffsPause The U.S. Secretary of the Treasury, Scott Bessent, has emphasized that excessively high tariffs between the United States and China must be reduced for trade negotiations to progress.

Currently, U.S. tariffs on Chinese products reach 145%, while China imposes 125% on U.S. goods. According to Bessent, these tariffs are unsustainable and amount to a trade embargo, harming both economies.