Bessent Says More U.S.-China Trade Meetings Likely in 'Next Few Weeks' -- WSJ

Dow Jones05-12

By Ben Dummett

Treasury Secretary Scott Bessent said the U.S. and China could start work soon on a fuller trade agreement, after the countries struck a temporary deal to slash tariffs.

"We got a lot done over two days, so I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement," Bessent said in a CNBC interview Monday, after marathon weekend talks in Geneva.

Asked if the next jobs report would show a dropoff in U.S. hiring, Bessent expressed optimism. He pointed to the apparently limited impact of tariffs on China in connection with the fentanyl crisis, which the U.S. introduced in February and March.

"With the tariffs it's all a matter of calibration," Bessent said. "The 20% fentanyl tariffs went on in February. So if we were going to see any kind of economic downside from that, it would have already been apparent [but] the economic data has surprised on the upside."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 12, 2025 08:08 ET (12:08 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 12, 2025 08:08 ET (12:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bessent Says More U.S.-China Trade Meetings Likely in 'Next Few Weeks' -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBessent Says More U.S.-China Trade Meetings Likely in 'Next Few Weeks' -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-12 20:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Ben Dummett \n</p>\n<p>\n     Treasury Secretary Scott Bessent said the U.S. and China could start work soon on a fuller trade agreement, after the countries struck a temporary deal to slash tariffs. \n</p>\n<p>\n     \"We got a lot done over two days, so I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement,\" Bessent said in a CNBC interview Monday, after marathon weekend talks in Geneva. \n</p>\n<p>\n     Asked if the next jobs report would show a dropoff in U.S. hiring, Bessent expressed optimism. 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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 12, 2025 08:08 ET (12:08 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534722237","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534722237","pubTimestamp":1747051680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Treasury Secretary Scott Bessent said the U.S. and China could start work soon on a fuller trade agreement, after the countries struck a temporary deal to slash tariffs.\"We got a lot done over two days, so I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement,\" Bessent said in a CNBC interview Monday, after marathon weekend talks in Geneva.Asked if the next jobs report would show a dropoff in U.S. hiring, Bessent expressed optimism. 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The full stream can be","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"贝森特表示“未来几周”可能会举行更多美中贸易会议——《华尔街日报》","themeId":"b6b4e504f23b13c2bac4fe2d2daba392","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Ben Dummett \n\n\n     Treasury Secretary Scott Bessent said the U.S. and China could start work soon on a fuller trade agreement, after the countries struck a temporary deal to slash tariffs. \n\n\n     \"We got a lot done over two days, so I would imagine in the next few weeks we will be meeting again to get rolling on a more fulsome agreement,\" Bessent said in a CNBC interview Monday, after marathon weekend talks in Geneva. \n\n\n     Asked if the next jobs report would show a dropoff in U.S. hiring, Bessent expressed optimism. He pointed to the apparently limited impact of tariffs on China in connection with the fentanyl crisis, which the U.S. introduced in February and March. \n\n\n     \"With the tariffs it's all a matter of calibration,\" Bessent said. \"The 20% fentanyl tariffs went on in February. So if we were going to see any kind of economic downside from that, it would have already been apparent [but] the economic data has surprised on the upside.\" \n\n\n       This item is part of a Wall Street Journal live coverage event. 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