US Treasury Sec. Bessent: Both sides on reciprocal tariffs will move down 115%
FXStreetMay 12, 2025 7:12 AM
US Treasury Secretary Scott Bessent is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
Key quotes
- We have reached an agreement on a 90-day pause and substantially moved down tariff levels.
- Both sides on reciprocal tariffs will move down 115%.
- Very good personal interaction, both sides represented national interests well.
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