US Treasury Secretary Scott Bessent said Tuesday that the trade war between China and the US is unsustainable and that he expects the situation to de-escalate, according to people familiar with his …
Monthly Archives For April 2025
Trump tariffs live updates: Bessent hints at deescalation with China as US, India progress on trade deal
Wall Street eyed signs of progress on key trade fronts Tuesday, as Treasury Secretary Scott Bessent hinted at deescalation with China and the US and India hailed headway on talks. Bessent called the …
US Treasury Secretary says situation with China is unsustainable, source says
U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.
China rolls out plan to promote its own payment system as US trade war simmers
The country aims to reduce its reliance on the dollar-based global financial system as it confronts Washington’s aggressive trade policies.
Foreign lenders upbeat on China finance market
CHINA’S financial markets are attracting international investors amid growing global economic uncertainty, with multiple foreign financial institutions including Neuberger Berman and DBS Bank …
China’s Rare Earth Export Halt Raises Trade War Tensions
China’s recent suspension of rare earth mineral exports is escalating trade tensions with the United States, threatening global supply chains and prompting considerations of alternative sourcing …
US Treasury secretary says trade war with China is not ‘sustainable’
In a private speech in Washington for JPMorgan Chase, Treasury Secretary Scott Bessent added that talks between the US and China had yet to formally start.
US-China Tariff De-Escalation Rumors Drive Crypto Market Toward $3 Trillion
Scott Bessent’s tariff comments briefly fueled a market rally, with Bitcoin showing resilience compared to traditional stocks.
China Mobile stakes a claim on HKBN
The current global trade kerfuffle has not diminished the strategic value of Hong Kong Broadband Networks (HKBN)If anything, it’s sharpened the resolve of the …
China’s humanoid robot half-marathon puts technology’s limits on public display
Videos of robots falling, trembling and struggling to stay upright circulated widely, with only six out of 21 finishing the race.
Trump’s treasury secretary says trade war with China is not ‘sustainable’
But in a private speech for JPMorgan Chase, Scott Bessent also cautioned that talks between the United States and China had yet to formally start.
Bessent sees de-escalation in US-China trade tensions, talks to be ‘a slog’
U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but negotiations with Beijing have not yet started and would be a “slog,
Trump’s Top Economic Advisor Sees ‘De-Escalation’ Of ‘Unsustainable’ China Trade War
Key Takeaways Treasury Secretary Scott Bessent said the U.S.-China tariff war is “unsustainable” and will likely “de-escalate.”Bessent’s comments fueled a stock market rally due to the prospect of a …
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