China Tariff Fight Will De-Escalization

Treasury Secretary Scott Bessent explained Investors A meeting at the closed door on Tuesday is waiting for “the escalation” in the presidency Donald Trumptoward trade war with Chinese “Very near future”, a man in the room told CNBC.

“Next steps with China, no one thinks that the current status quo is continuous,” Tariff rates with tariff rates “,” in the private investor summit in Washington, JPMorgan Chase.

SharesBessent’s speech is higher than the previous day’s selling after the first information.

Bessent, among economic superpowers between economic super powers, “to the world, market, markets, relief”, according to the person in the room.

“Now there is an embargo on both sides, is it?” Said.

Bessent, US-Chinese imports tariffs 145% and Chinese goods for 125% of shame on American goods, the purpose of Trump’s policy is to decouple.

The US Cabinet secretary said that China’s conversations are likely to be “a slog”.

But no party said “the status quo thinks he is sustainable,” he said.

Later Tuesday, White House spokesman Karoline Leavitt, Bessent reflected his positive views against the talks with China, although these talks actually start.

In the Leavitt press briefing, Trump people said, “We are doing very well in the potential trading deal with China.”

Trump said, “Sets the stage for a deal with China,” he said, “and the ball moves in the right direction.”

Trump said he was talking directly with Chinese President Xi Jinping, Leavitt said he was nothing to share.

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