Reported about 9 hours ago
US Treasury Secretary Scott Bessent expressed optimism that the ongoing tariff standoff with China, currently characterized by exorbitant tariffs from both sides, is unsustainable and will soon de-escalate. Speaking at a closed-door investor summit, he indicated that while immediate relief could come in months, a comprehensive trade deal might take two to three years. President Trump also commented positively on US-China relations, hinting at a potential reduction in tariffs.
Source: YAHOO