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.

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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.

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