00:00Treasury Secretary Scott Besant said Tuesday that a U.S.-China trade agreement is within reach,
00:07with talks growing more and more productive ahead of a November deadline for reciprocal tariffs.
00:13Speaking on CNBC, Besant emphasized that both sides are engaging seriously and suggested the
00:19Chinese now believe a deal is achievable. The U.S. had originally planned steep tariffs,
00:24up to 145%, but those have been repeatedly delayed, allowing negotiations to continue.
00:31With the trade deficit narrowing and pressure mounting from global partners over a surge in
00:36Chinese exports, Besant underscored the administration's goal of achieving a fair
00:40and balanced trade relationship.
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