U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.

But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States and China had yet to formally start.

https://archive.ph/jlKid

  • Joncash2@lemmy.ml
    1·
    18 days ago

    It might not be sustainable for USA, but China is doing just fine. Their stock market is flatlining and they expect growth to drop 2.2% to 3% growth. Not great, but definitely sustainable. That seems to be a big problem for US negotiations.