Scott Bessent says negotiations with Beijing have not yet started but that a deal is possible; markets surge on report.
US Treasury Secretary Scott Bessent told a closed-door investor summit on Tuesday that President Donald Trump’s tariff war with China is unsustainable and that he expected the situation to de-escalate, Bloomberg News reported.
Citing people who attended the session on the sidelines of the International Monetary Fund and World Bank’s spring meetings, Bloomberg also reported that Bessent told his audience that negotiations with Beijing had not started but that a deal was possible.
