#hop ..Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to a trade pact as a key tariff deadline nears.
The two sides currently are in truce over tariffs after launching aggressive duties on each other previously. They have until Aug. 12 to come to an agreement. The U.S. had implemented 145% duties on Chinese imports, while China had countered with a 125% rate.
