U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.

Treasury Secretary Scott Bessent said on Wednesday that he expects a de-escalation in the ongoing tensions between the U.S. and China, following President Donald Trump's imposition of retaliatory tariffs of 245% on imports of Chinese goods into the country.

Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool - The Treasury Secretary says the U.S. and China can work together to ‘rebalance’ thei