Bessent expresses uncertainty regarding whether President Trump and President Xi have engaged in discussions about trade. While there are ongoing talks between the U.S. and China, Bessent emphasizes that China requires a de-escalation of tensions. The U.S. Treasury Secretary remains optimistic, stating that there is still a viable path forward in tariff negotiations with China. However, trading partners continue to adopt tough stances as the Trump administration remains firm on its tariff policies. — new from The Hill