Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to trade pact as a key tariff deadline nears.
"I believe that we have the makings of a deal," Bessent said during an interview on CNBC's "Squawk Box." "There's still a few technical details to be worked out on the Chinese side between us. I'm confident that it will be done, but it's not 100% done."
Bessent did not provide any details on what a final deal with China would look like.
However, he stressed that he hasn't discussed the issue yet with President Donald Trump, noting that the two sides negotiated for two days in talks he characterized as "tough."
"The Chinese are tough negotiators. We're tough, too," he said.
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