bessent china tariffs

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China, Scott Bessent

Bessent: Status quo with China unsustainable, but no unilateral tariff cuts

The trade war with China is "unsustainable" in its current form, Treasury Secretary Scott Bessent said Wednesday, but the U.S. will not move unilaterally to reduce tariffs. Why it matters: As recession worries grow,

Bloomberg · 23h

Bessent Expects Tariff Standoff With China to De-Escalate

US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate.

Newsweek on MSN · 14h

Trump Official Says Tariff War With China 'Unsustainable'

Treasury Secretary Scott Bessent told private investors during a meeting on Tuesday that the spiraling trade war between the United States and China was unsustainable and that he expects a "de-escalation" soon, according to a report from the Associated Press (AP). Newsweek has reached out to the White House for comment on Tuesday.

US has ‘opportunity for a big deal’ with China

Fox Business on MSN · 34m

Treasury Secretary Bessent says there's an opportunity for a 'big deal' with China

Treasury Secretary Scott Bessent said that there's an opportunity to do a "big deal" with China to reduce tariffs if the Chinese government is willing to rebalance its economy.

CBS News · 27m

Treasury chief Bessent says U.S. has an "an opportunity for a big deal" with China

Treasury Secretary Scott Bessent on Wednesday said he believes the Trump administration could strike a deal with China.

The Associated Press on MSN · 3m

The Latest: Treasury secretary says trade war with China is not 'sustainable'

U.S. markets are poised to open with big gains, a clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a "de-escalation" from unsustainable tariffs against China in the trade war between the world's two largest economies.

21hon MSN

Bessent believes China impasse over tariffs will de-escalate

Treasury Secretary Scott Bessent told an investor summit Tuesday that he expects the tariff war between the U.S. and China ...

22hon MSN

Bessent says he expects 'de-escalation' in U.S.-China tariff fight in the 'very near future'

Stocks, already recovering from the prior day's sell off, soared higher on news of the remarks from Trump Treasury Secretary ...

1hon MSN

President Trump says tariffs on China will 'come down substantially'

President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism ...

Bessent Says U.S. Wants to Help China Pivot Away From Exports

The U.S. wants to help China pivot away from an economic model focused on exports instead of consumption, Treasury Secretary Scott Bessent said Wednesday. "China’s current economic model is built on ...

16h

Trump says he won’t ‘play hardball’ with China and expects tariff deal to happen ‘pretty quickly’

President Donald Trump said Tuesday he isn't going to "play hardball" with China during tariff negotiations and believes a ...

34mon MSN

Stocks Surge As Trump Softens On China Tariffs—S&P 500 Heads To 2nd-Biggest Gain Since 2022

Stocks rocketed Wednesday as President Donald Trump appeared to back off some of his stances most disliked by Wall Street, ...

Trump tariffs live updates: Trump administration considers slashing China tariffs

The White House is reportedly considering slashing tariffs on Chinese imports from a baseline rate of 145% to 50%-65%, a ...

17h

Treasury Secretary Bessent Predicts Tax Cuts to Pass by July 4

Treasury Secretary Scott Bessent said on Tuesday that he thought an extension of President Trump’s 2017 tax cuts could be ...

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China, Scott Bessent

US has ‘opportunity for a big deal’ with China

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