Source: New York Post
Treasury Secretary Scott Bessent said Tuesday he believes the Trump administration’s ongoing tariff war with China will de-escalate soon because the ongoing rift isn’t sustainable. Bessent, 62, made the remarks during JPMorgan’s closed-door investor summit in Washington, Bloomberg reported, citing several people who attended the event. The reported comments caused shares to briefly spike on Wall Street, with investors watching closely for any signs of a thaw in the stalemate between the world’s two largest economies.
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