Bessent Offers a Glimmer of Hope as Trade War Shakes Markets

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, senior Washington correspondent Saleha Mohsin looks at how the trade war is shaking the foundation of US financial dominance. Sign up here and follow us at @bpolitics. Email our editors here.

Treasury Secretary Scott Bessent told a group of JPMorgan Chase executives and strategists visiting Washington exactly what markets folks want to hear: The current tariff standoff between the world’s two largest economies is unsustainable, and the US and China must find a way to de-escalate.