US Treasury Secretary Bessent predicts de-escalation in US-China tariff standoff

Matthew Atungwu - DailyPost Nigeria - 21:03
US Treasury Secretary Scott Bessent said the tariff standoff with China is unsustainable. Bessent made this statement on Tuesday at a closed-door investor

US Treasury Secretary Scott Bessent said the tariff standoff with China is unsustainable.

Bessent made this statement on Tuesday at a closed-door investor summit, stating that he expects the situation to de-escalate.

The Treasury Secretary added that negotiations have yet to start, but a deal is possible.

Meanwhile, the Treasury Department has not commented at the time of filing this report.

The US Treasury chief spoke on the sidelines of the International ...
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