The article discusses President Trump's recent statements regarding tariffs on China, indicating a potential reduction from a peak of 145%. Trump's comments mark a rhetorical shift following weeks of escalating tensions, amidst remarks from Treasury Secretary Bessent, who suggested that the trade war is unsustainable. Bessent's viewpoint has prompted a more optimistic market response, with U.S. stock indexes rising. This suggests a need for trade rebalancing rather than complete decoupling, reflecting growing pressures on Trump to mitigate tensions and stabilize economic relations with China.
Trump's recent remarks indicate a potential softening stance on trade tensions, suggesting that the previously high tariffs on China will reduce but remain in place.
Treasury Secretary Scott Bessent’s statements reflect the belief that the ongoing trade war is unsustainable, hinting at a possible de-escalation between the U.S. and China.
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