{"id":53094,"date":"2025-10-26T21:13:43","date_gmt":"2025-10-26T21:13:43","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/treasury-secretary-scott-bessent-says-additional-100-tariffs-on-china-are-effectively-off-the-table\/"},"modified":"2025-10-26T21:13:43","modified_gmt":"2025-10-26T21:13:43","slug":"treasury-secretary-scott-bessent-says-additional-100-tariffs-on-china-are-effectively-off-the-table","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/treasury-secretary-scott-bessent-says-additional-100-tariffs-on-china-are-effectively-off-the-table\/","title":{"rendered":"Treasury Secretary Scott Bessent says additional 100% tariffs on China are &#8220;effectively off the table&#8221;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n  <!-- lil observer --><br \/>\n      <span class=\"content__observer-marker content__observer-marker--fixed lazyload\"\/><\/p>\n<section class=\"content__body\">\n<p>Treasury Secretary Scott Bessent said Sunday that additional 100% tariffs on China are &#8220;effectively off the table&#8221; after a &#8220;very good two-day meeting&#8221; with Beijing&#8217;s top trade negotiator.<\/p>\n<p>&#8220;I&#8217;m not going to get ahead of the two leaders who will be meeting in Korea on Thursday, but I can tell you we had a very good two days,&#8221; Bessent said of President Trump and Chinese President Xi Jinping.\u00a0<\/p>\n<p>Bessent, who has been leading trade talks with China, <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/treasury-secretary-scott-bessent-military-paychecks-government-shutdown\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">appeared Sunday on &#8220;Face the Nation with Margaret Brennan<\/a><\/span>&#8221; from Kuala Lumpur, Malaysia, where President Trump began a three-country visit to Asia. Mr. Trump is expected to meet with China&#8217;s president at the Asia Pacific Economic Cooperation summit in South Korea on Thursday.<\/p>\n<p>China is the United States&#8217; third-largest trading partner after Mexico and Canada, and tariffs on Chinese imports currently stand at 30%. Earlier this month, President Trump <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-china-tariff-extra-100-november\/\" data-invalid-url-rewritten-http=\"\">threatened<\/a><\/span> an additional 100% tariff on Chinese imports by early November in a significant escalation in the U.S.-China trade war.\u00a0<\/p>\n<p>Mr. Trump warned that the tariffs would take effect if Beijing couldn&#8217;t reach a deal with the U.S., citing new Chinese export controls. But after the meetings, Bessent said he expects &#8220;the threat of the 100% has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime.&#8221;<\/p>\n<p>The treasury secretary praised Mr. Trump for giving him and his team an advantage, saying the threat of a 100% additional tariff &#8220;did give us a great deal of leverage&#8221;.<\/p>\n<p>&#8220;President Trump&#8217;s very good at creating leverage for us,&#8221; Bessent added.<\/p>\n<p>At the trade meetings, Bessent said he and his Chinese counterpart discussed &#8220;a wide variety of issues,&#8221; from rare-earth magnets to purchases of American agricultural products to the Chinese helping combat the fentanyl crisis in the U.S. He also said the TikTok deal announced last month is <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/tiktok-deal-finalized-treasury-secretary-scott-bessent\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">set to be finalized<\/a><\/span> on Thursday.<\/p>\n<section class=\"content__body--footer\">\n<\/section>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><br \/>\n    <\/section>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/treasury-secretary-scott-bessent-additional-china-tariffs-face-the-nation\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Scott Bessent said Sunday that additional 100% tariffs on China are &#8220;effectively off the table&#8221; after a &#8220;very<\/p>\n","protected":false},"author":1,"featured_media":53095,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-53094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Treasury Secretary Scott Bessent says additional 100% tariffs on China are &quot;effectively off the table&quot; - World News<\/title>\n<meta name=\"description\" content=\"Treasury Secretary Scott 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