Treasury Secretary Scott Bessent admitted that President Donald Trump isn’t going to be able to follow through on his vow to secure 90 trade deals in 90 days. Bessent was pressed by Fox Business host Maria Bartiromo—one of Trump’s favorite news anchors—about the president’s looming, self-imposed July 9 deadline.

Washington and Beijing have signed a trade agreement that will make it easier for American firms to obtain magnets and rare earth minerals from China that are critical to manufacturing and microchip production.

President Trump's trade talks with China has led to "de-escalation," according to Secretary Bessent who shared new details about the tariff negotiations.