US Treasury Secretary Scott Bessent Predicts De-escalation in US-China Tariff Standoff
US Treasury Secretary Scott Bessent spoke candidly at a closed-door investor summit this Tuesday, stating that the ongoing tariff standoff with China is unsustainable and that he expects the situation to de-escalate.
Bessent further noted that while formal negotiations have not yet begun, there is still hope for a deal. He made these comments to attendees at an event hosted by JPMorgan Chase & Co. in Washington, which was not open to the public or media.
According to people who attended the session, Bessent expressed confidence that a resolution could be reached despite the lack of current talks.
Kosta Gushterov
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