Sunday on CBS’s “Face the Nation,” Treasury Secretary Scott Bessent said following negotiations, the 100% tariff President Trump threatened to impose on China was “effectively off the table.”
Partial transcript as follows:
MARGARET BRENNAN: We begin this morning with Treasury Secretary Scott Bessent, who is traveling with President Trump. He joins us from Kuala Lumpur, Malaysia. Good evening to you.
BESSENT: Margaret, good to speak to you.
BRENNAN: You have been negotiating directly with the Chinese. You said today a truce may have been reached. The threat on the table was a 155% tariff on China. The President said that would be effective…
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