Treasury Secretary Scott Bessent hit newswires on Tuesday following the conclusion of the latest round of trade talks between the US and China. Despite insistence that progress is being made, little of note has come to pass as of yet in the way of solidified trade terms in the run-up to the Trump administration's self-imposed August 1 deadline for global reciprocal tariffs.

Negotiations between the U.S. and China on a possible trade deal in Sweden this week were “very constructive,” Treasury Secretary Scott Bessent told reporters on Tuesday.