Treasury Secretary Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’

U.S. Treasury Secretary Says Trade War With China Is Not 'Sustainable'

“I do say China is going to be a slog in terms of the negotiations,” Bessent said according to a transcript obtained by The Associated Press.

US Treasury chief expects China tariff impasse to de-escalate

The trade standoff between Washington and Beijing is not sustainable, US Treasury Secretary Scott Bessent said Tuesday, predicting the tit-for-tat tariff war would de-escalate soon.

Trade war with China not 'sustainable', says US Treasury Secretary

US President Donald Trump also reportedly said that US was "doing very well" regarding a "potential trade deal with China".

Potential Trade Deal With China ‘Moving in the Right Direction’: White House

The White House is optimistic about a potential trade deal with China. White House press secretary Karoline Leavitt told reporters at an April 22 press briefing that President Donald Trump believes his administration is “doing very well” and “moving in the right direction” toward establishing a trade agreement with the Chinese communist regime. Leavitt’s comments come soon after Treasury Secretary Scott Bessent suggested to a group of investors …

U.S. Treasury Secretary Scott Bessent stated in a speech Tuesday that the confrontation with China over tariffs is unsustainable and that there will have to be a "scaling" in the trade war between the two largest economies in the world. However, in a private speech in Washington for JPMorgan Chase, Bessent also warned that talks between the U.S. and China had not yet begun formally. Trump imposed 145% import taxes on China, which has responded w…

Trade war with China is not ‘sustainable’, U.S. Treasury Secretary says

Trump placed import taxes of 145% on China, which has countered with 125% tariffs on U.S. goods