#TariffImpact U.S. Treasury Secretary observes progress in trade negotiations with China

Investing.com -- U.S. Treasury Secretary Scott Bessent said on Sunday that there has been substantial progress in trade negotiations between the United States and China.

The discussions, aimed at easing the ongoing trade war between the two countries, were held in Geneva and involved Bessent's team and that of Chinese Vice Premier He Lifeng.

Bessent said that more details on the progress would be provided on Monday.

Jamieson Greer, U.S. Trade Representative, who was also present at the discussions, said that the differences between the two nations were not as significant as previously thought.

Are we on the way to a negotiation that will benefit both economies?

The United States and China are two major economies and at this time of tariff war, it seems that both are being impacted.