Bessent says US, Chinese officials considering lowering tariffs on 'non-critical' items

Treasury Secretary Scott Bessent said Monday officials from the U.S. and China are considering lowering tariffs on “non-critical” products, as President Trump prepares to host Chinese President Xi Jinping this week in Washington, D.C. During an interview on CNBC’s “Squawk Box,” Bessent said the two sides “floated” a deal to reduce tariffs on $30 billion...