U.S. Treasury Secretary Scott Bessent hailed the progress made with China on tackling fentanyl at trade talks in Switzerland, saying Beijing is "now serious" about the issue. The talks also resulted in the suspension for 90 days of very high tariffs between the world's two largest economies,

Treasury Secretary Scott Bessent made fresh clarifications on the country's evolving trade posture, particularly in relation to China, and the reshoring of critical supply chains.

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](