Bessent sees deescalation with China, saying the goal isn't to decouple

Last edited Wed Apr 23, 2025, 12:01 AM - Edit history (1)

Source: Yahoo Finance

US Treasury Secretary Scott Bessent said at a private event Tuesday that the US-China trade war is unsustainable and that he expects a deescalation, according to people familiar with his remarks.

No one thinks the current status quo is sustainable, Bessent said, according to a person who was in the room during the event, as the secretary cited the sky-high tariffs the US and China have placed on each other.

Read more: https://finance.yahoo.com/news/bessent-sees-deescalation-with-china-saying-the-goal-isnt-to-decouple-175336943.html

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Not only are Administration continuing to share material non-public information that will move markets with political supporters, but they don't care who knows about it. Or maybe they want everyone to know that either you are on the inside, or the outside, when it comes to working in the market while Trump is in the White House. Fortunes have been made, and lost, in the last month depending on whether your fund got tipped off about a new comment from Trump or Bessent.