Treasury Secretary Expects Trade War Will De-Escalate Soon

Cheddar News

Treasury Secretary Scott Bessent is anticipating a "de-escalation" in the trade war very soon, he has advocated for a phased approach to tariffs.

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00:00Treasury Secretary Scott Besson is anticipating a de-escalation in the trade war very soon.

00:06He has advocated for a phased approach to tariffs, describing initial steep levies on Chinese imports as a maximalist negotiating position.

00:15In a recent call with the Chinese Vice Premier, Besson emphasized U.S. concerns over China's economic imbalances as well as fentanyl trafficking,

00:23while the Vice Premier expressed China's apprehension regarding new tariff policy.

00:27Besson's strategy aims to provide Beijing with room to negotiate, potentially easing trade tensions in a welcomed sign for investors.

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