U.S. Treasury Secretary Scott Bessent said the latest round of trade talks with China, held in Stockholm, produced the “makings of a deal,” although several technical issues still need to be resolved and an agreement is “not 100% done.” Bessent described Chinese negotiators as tough but insisted Washington retains “plenty of negotiating cards.” He plans to brief President Donald Trump later today and expects another formal session with Beijing in roughly 90 days, while an internal Aug. 12 deadline guides the U.S. side. Topics such as TikTok, Taiwan and a possible Trump-Xi summit were not discussed during the most recent meetings. On India, Bessent struck a markedly different tone, saying the U.S. trade team is “frustrated” and calling New Delhi “not a great global actor.” He added that the outcome of any accord “will be up to India.” White House senior adviser Kevin Hassett echoed the sentiment, telling reporters that Trump is dissatisfied with the slow progress of negotiations with India even as he prepares to review the China briefing later today.