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US Treasury chief expects China tariff impasse to de-escalate
US Treasury chief expects China tariff impasse to de-escalate

The trade standoff between Washington and Beijing is not sustainable, US Treasury Scott Bessent said Tuesday, predicting the tit-for-tat tariff war would de-escalate soon. Bessent told the event Tuesday that he expects a de-escalation in the near future, according to a person who was in the room.