US Treasury Secretary says situation with China is unsustainable, source says

Reuters - 21:53
U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.
NEW YORK, April 22 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.
Bloomberg first reported this.

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He also added that negotiations haven’t started but that a deal is possible, the source added.
Bessent said this at a closed door event hosted by JPMorgan Ch...
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