Apr 22nd, 2025

Bessent Expects China Tariff Standoff to De-Escalate

US Treasury Secretary Scott Bessent said Tuesday the tariff standoff with China is unsustainable and that he expects the situation to de-escalate. Bessent made the comments at a closed-door investor summit, adding that negotiations haven’t started but that a deal is possible. Kailey Leinz reports on Bloomberg Television.