Treasury Secretary Bessent says 'we have the makings of a deal' with China
1. Treasury Secretary Bessent is optimistic about a U.S.-China trade agreement. 2. Negotiations have made progress but are not finalized yet. 3. Current tariffs have been reduced from aggressive highs to more manageable rates. 4. August 12 is a critical deadline for achieving a deal. 5. Concerns remain about China's actions regarding Iran and Russia.