Treasury Secretary Scott Bessent urges China to reduce trade tensions and warns high tariffs are unsustainable, while expressing optimism for negotiations with India.
Treasury Secretary Scott Bessent has put the pressure firmly on China to take steps to reduce escalating trade tensions, stressing the heavy reliance of China’s economy on exports to the United States.
Bessent warned that current high tariff levels are unsustainable and shared optimism about negotiation breakthroughs with other nations, notably a potential trade deal with India.
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