US Treasury Secretary Bessent says for the first time, the Chinese seem to be getting serious over fentanyl because of IEEPA tariffs; IEEPA tariffs have brought Mexico and Canada to the negotiating table

US Treasury Secretary Bessent says for the first time, the Chinese seem to be getting serious over fentanyl because of IEEPA tariffs; IEEPA tariffs have brought Mexico and Canada to the negotiating table.

The comments from Treasury Secretary Bessent suggest a potential shift in U.S.-China relations regarding drug trafficking, particularly fentanyl. If true, this could lead to a more cooperative diplomatic stance, which might influence trade dynamics and risk sentiment across markets, particularly for currencies and commodities linked to these nations.