US Treasury Secretary expects trade war with China to de-escalate

22nd Apr 2025 19:30

(Sharecast News) - The head of America's Treasury believes that the trade war with China will de-escalate.

Scott Bessent made the behind-closed-door remarks to attendees at an investor conference hosted by JP Morgan.

According to the Wall Street Journal, Bessent noted that while negotiations had not yet begun, a deal was still with Beijing was still possible.

Bloomberg had earlier reported Bessent's remarks.

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