Donald Trump’s Treasury Secretary Scott Bessent says the onus is on China to dial down trade tensions ahead of a news briefing on Tuesday at the White House.
Bessent is scheduled to appear at a White House news briefing at 8:30 a.m. ET. Watch in the player above.
“I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable,” Scott Bessent said during an interview Monday on the business channel CNBC.
Bessent moved markets last week when he said in a private speech to JPMorgan Chase that he expects a deescalation in the trade war because “Neither side thinks the status quo is sustainable.”
The White House plans to hold morning briefings this week to mark Trump’s 100 days. The first one on Monday featured Tom Homan, the president’s top border adviser.
Insightful, trustworthy journalism, for everyone.
Your tax-deductible donation ensures our vital reporting continues to thrive. Support PBS News Hour now.
