Scott Bessent, the Treasury Secretary under President Donald Trump, said Thursday morning that the U.S. and China are close to reaching a trade agreement, with just under two weeks left before tariffs snap back into full force.

Treasury Secretary Scott Bessent conveyed confidence that the U.S. and China would soon reach a deal on tariffs. “I believe that we have the makings of a deal,” Bessent told CNBC early Thursday. “There’s still a few technical details to be worked out on the Chinese side between us.