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The United States Secretary of the Treasury said that commercial tension with China is not sustainable
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23:55
Within the framework of a closed doors organized by the American bank JP Morgan Chase, Scott Besent estimated that the current situation is unsustainable for the two powers
US Treasury Secretary Scott Besent at the White House in Washington on April 9, 2025 (AP Photo/Evan Vucci)
The secretary of the American Treasury, Scott Besent, declared in a speech on Tuesday that the confrontation with China on tariffs is unsustainable and that a "unwinding" in the commercial war between the two largest economies in the world should occur.
However, in a private speech in Washington for JPMorgan Chase, Besent also warned that conversations between the United States and China had not yet started formally. Trump imposed 145% import taxes on China, which has responded with 125% tariffs on US products. Trump has imposed tariffs on dozens of countries, ca... [Short citation of 8% of the original article]
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