Treasury Secretary Scott Bessent said Sunday that additional 100% tariffs on China are "effectively off the table" after a "very good two-day meeting" with Beijing's top trade negotiator.

"I'm not going to get ahead of the two leaders who will be meeting in Korea on Thursday, but I can tell you we had a very good two days," Bessent said of President Trump and Chinese President Xi Jinping.

Bessent, who has been leading trade talks with China, appeared Sunday on "Face the Nation with Margaret Brennan " from Kuala Lumpur, Malaysia, where President Trump began a three-country visit to Asia. Mr. Trump is expected to meet with China's president at the Asia Pacific Economic Cooperation summit in South Korea on Thursday.

China is the United States' third-largest trading partner after Mexico

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