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.

Wrapping up two days of US-China trade talks in Stockholm, Bessent said he also expressed US displeasure at China's continued purchases of sanctioned Iranian oil, and its sales of over $15 billion worth of dual-use technology goods to Russia that have bolstered Moscow's war against Ukraine.