Bessent says he expects 'de-escalation' in U.S.-China tariff fight in the 'very near future'

[https://www.cnbc.com/2025/04/22/bessent-trump-tariffs-china-deescalate.html](https://www.cnbc.com/2025/04/22/bessent-trump-tariffs-china-deescalate.html)

* Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future.”
* Bessent called the sky-high tariff fight between Washington and Beijing unsustainable.
* Bessent spoke at a private investor summit in Washington hosted by JPMorgan Chase on the sidelines of the World Bank meetings this week.