US EditionTreasury Secretary Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’
- The United States and China applied substantial import tariffs against each other on Tuesday.
- The United States first imposed high import taxes, prompting China to counter with its own.
- US import taxes reached 145% on China, while China's tariffs hit 125% on US goods.
- The IMF stated tariffs will likely slow economies significantly due to uncertainty.
- US Treasury Secretary Scott Bessent called the trade dispute with China unsustainable.
315 Articles
315 Articles
Treasury Secretary Scott Bessent Bets Big On Tariffs, Dismisses Manufacturing Fears
In a press briefing held on Tuesday, White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent addressed questions regarding the administration’s economic policies, particularly concerning tariffs and ongoing trade negotiations. The briefing, closely followed by Capitol Hill insiders, as reported by the influential newsletter founded in 2021, centered on the administration’s strategy to […] Treasury Secretary Scott Bessen…
Tiger Balm faces tariff aches and pains from Trump’s trade war with China
Tiger balm, the popular menthol ointment used by athletes and arthritis patients, has just one U.S. distributor and a single factory in China, making it especially vulnerable to the tariff standoff.
New Hampshire Union Leader
Bessent says China tariffs are not sustainable as US signals willingness to de-escalate
Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump’s administration signaled openness to de-escalating a trade war between the world’s two largest economies that has raised…
Conservative Review
The BlazeBessent aims to de-escalate China trade war: 'The current status quo is unsustainable'
Treasury Secretary Scott Bessent said the current state of America's trade war with China is "unsustainable," signaling support for a de-escalation between the two countries. When asked if the China tariffs will come down, Bessent told reporters during a media roundtable Wednesday that "both sides believe that the current status quo is unsustainable." The United States imposed a 145% tariff on Chinese imports, and China subsequently retaliated w…
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