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104 new news items in the last 24 hours
  1. Home
  2. International

US Treasury Secretary Scott Bessent says the US and China are close to a trade deal, with technical details to be worked out.

Gabriel Dumitrache
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1 August 2025, 09:30
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International
Martial Trezzini / AP / Profimedia
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Bessent said that while he is in the finalization stage of negotiations, he has not yet discussed the deal with President Trump. Meanwhile, the two countries have reached a trade truce after imposing reciprocal tariffs. The deadline for finalizing the deal is August 12, and the US is concerned about Chinese purchases of Iranian oil and technology supplies to Russia.

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Secretarul Trezoreriei SUA: ”Avem bazele unui acord” cu China, în contextul apropierii termenului-limită pentru tarife
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Statele Unite şi China, aproape de un acord comercial
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BBC
Trump tariff updates: Scramble for last-minute deals

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The American Secretary of the Treasury announced that an agreement to reopen the Strait of Hormuz could be finalized by Wednesday.
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