U.S. Treasury Secretary Scott Bessent said on Friday that he believed that Washington has the makings of a deal with China and that he was "optimistic" about the path forward. "This week's negotiations in Stockholm have advanced our talks with China,

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.

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.