U.S. Treasury Secretary Scott Bessent made a striking revelation in a video clip posted Monday, shedding light on how Chinese officials disregarded trade obligations during the presidential administration that preceded President Donald Trump's.

T op negotiators from the United States and China are set to meet in Geneva on Saturday, as the world’s two largest economies seek to navigate a path away from a bruising trade war that has disrupted global supply chains, slowed economic growth, and sent shockwaves through industries from electronics to agriculture.

The United States will trim the low-value 'de minimis' tariff on China shipments, a White House executive order showed on Monday, further de-escalating

The duty on small parcels from China is being reduced to 54% from 120%, another step toward cooling the simmering trade war.

The way President Donald Trump sees it, beating China in a trade war should be easy. After all, the Chinese sell Americans three times as much stuff as Americans sell them.