The Treasury head said recent trade deals announced by the US — including with the European Union and Japan — created a “lot more leverage” and promised China will not get a “special deal,” despite being America’s third largest trading partner among individual nations.

Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm.

U.S. Treasury Secretary Scott Bessent said Friday he's optimistic about reaching a trade agreement with China as President Donald Trump launched a sweeping new round of tariffs affecting dozens of countries.