Bessent says he expects 'de-escalation' in U.S.-China tariff fight in the 'very near future'

Treasury Secretary Bessent Predicts Tax Cuts to Pass by July 4

Scott Bessent told a group of investors that he expected trade tensions with China to de-escalate.

U.S. Treasury secretary says trade war with China is not ’sustainable’

WASHINGTON — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.

US Treasury secretary says trade war with China is not 'sustainable'

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.

US Treasury secretary says trade war with China is not 'sustainable'

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

Bessent says he expects 'de-escalation' in U.S.-China tariff fight in the 'very near future'

Stocks, already recovering from the prior day's sell off, soared higher on news of the remarks from Trump Treasury Secretary Scott Bessent.