Treasury Secretary Bessent Calls US-China Trade War Unsustainable

Treasury Secretary Scott Bessent stated in a private speech that the ongoing tariff dispute between the United States and China is not sustainable, suggesting a potential de-escalation between the world's two largest economies. According to a transcript obtained by the Associated Press, Bessent acknowledged that negotiations with China would be challenging, noting that neither side considers the current situation tenable. The remarks were made during an address to JPMorgan Chase in Washington, where Bessent also cautioned that formal talks had not yet begun.