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.

But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States and China had yet to formally start.

https://archive.ph/jlKid

  • FooBarrington@lemmy.world
    15·
    1 day ago

    And now Trump announced that the tariffs will be massively reduced. Looks like America lost another trade war. Who’d’ve thunk?