During a Congressional Oversight hearing, Secretary of the Treasury Scott Bessent stated that there have been no tariff negotiations with China since President Trump's announcement of new trade policies. This absence of negotiation has raised economic concerns, sparking fears of a recession. Bessent noted that while the U.S. is working with 17 other significant trading partners, no discussions have begun with China. His statements contradict Trump's public claims about ongoing negotiations, highlighting the tension between the administration's position and the realities of trade negotiations.
Bessent confirmed no trade negotiations with China have occurred since Trump's tariff announcement, contradicting the Presidentâs claims of discussing new deals.
Bessent reported ongoing negotiations with 17 important trading partners, but reiterated that China has not been included in any talks as of yet.
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