US treasury secretary says ‘there is a path’ with China over tariff negotiations

• US treasury secretary Scott Bessent says talks during IMF meetings point to a possible tariff deal.

• Beijing immediately refutes the claim, calling Washington’s remarks “confusion” aimed at domestic politics.

• Retail groups warn the White House that current duties could push shelf prices up within weeks.

• Early signs suggest Washington is feeling pressure to de-escalate, while China holds firm to keep leverage.

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