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Bessent Says He Expects China Trade Tensions Will De-Escalate
Treasury Secretary Scott Bessent said at a closed-door JPMorgan investor summit that he expects trade tensions with China to de-escalate, according to people in the room Tuesday for his remarks. Bessent told attendees that although negotiations haven't started,
Bessent Sees De-Escalation in US-China Trade Tensions, Talks to Be 'A Slog'
WASHINGTON (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but described future negotiations with Beijing as a "slog" that has not started yet, according to a person who heard his closed-door presentation to investors at a JP Morgan conference.
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