US Treasury Secretary Bessent has emphasized that the current trade standoff with China is not sustainable. During a closed-door investor summit, Bessent highlighted the need for a resolution to the ongoing tariff disputes. This comes as trading partners are pushing back against the Trump administration’s firm stance on tariffs. Meanwhile, the stock market has shown signs of recovery following Bessent’s remarks, indicating optimism about the possibility of a significant trade deal between the US and China.
— new from Axios