US Treasury secretary deems trade war with China unsustainable

April 22, 2025, 3:22 pm

During a pointed speech, the US Treasury Secretary warned that the tariff standoff with China is unsustainable, hinting at an anticipated de-escalation in the high-stakes trade war. The remarks carry a mix of fiscal caution and the dry humor of diplomats caught in a tariff tango.

nationalpost.com / Trade war with China is unsustainable, ’de-escalation’ expected: U.S. treasury secretary

'We're doing fine with China,' U.S. President Donald Trump said later, but added the tariff rate with China would come down 'substantially'

ledevoir.com / Le secrétaire américain aux Finances prédit une désescalade avec Pékin

De son côté, Donald Trump a reconnu que les surtaxes de 145% allaient «baisser de façon substantielle».

globalnews.ca / U.S.-China trade war not ‘sustainable,’ Trump’s treasury secretary says

Trump, who wouldn't say if he agreed with Scott Bessent, also said he had "no intention" of firing the chairman of the U.S. Federal Reserve, after previously suggesting he would.

torontosun.com / U.S. Treasury secretary says trade war with China is not ’sustainable’

WASHINGTON — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan Chase,...

winnipegfreepress.com / Tackling tariffs: What some companies are saying, and doing, about tariffs

citynews.ca / US Treasury secretary says trade war with China is not ‘sustainable’

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies. But in a private speech in Washington for JPMorgan...

winnipegfreepress.com / US Treasury secretary says trade war with China is not ‘sustainable’

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US Treasury secretary deems trade war with China unsustainable

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