Reported about 14 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