Treasury Secretary Scott Bessent conveyed confidence that the U.S. and China would soon reach a deal on tariffs. “I believe that we have the makings of a deal,” Bessent told CNBC early Thursday. “There’s still a few technical details to be worked out on the Chinese side between us.

Scott Bessent, the Treasury Secretary under President Donald Trump, said Thursday morning that the U.S. and China are close to reaching a trade agreement, with just under two weeks left before tariffs snap back into full force.