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