US Treasury Secretary says situation with China is unsustainable, source says
April 22, 2025 at 01:26 pm EDT
Treasury Secretary Scott Bessent ANDREW HARNIK/GETTY IMAGES
NEW YORK (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.
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 Chase in Washington.
NEW YORK -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. ...
www.marketscreener.com