Washington, D.C., April 9, 2025 – Secretary of the Treasury Scott Bessent shared optimistic views on the U.S.-China trade war in a private meeting with investors on Tuesday. Bessent expressed confidence that there will be a de-escalation in the ongoing trade tensions between the two countries in the near future.
Speaking at a closed-door summit hosted by JPMorgan Chase in Washington, D.C., Bessent emphasized that the current situation with China is not sustainable and that both sides recognize the need for a resolution to the tariff dispute. The news of a potential de-escalation prompted a positive response from the stock market, which saw a surge in stock prices following Bessent’s remarks.
Despite the escalating tariff rates between the U.S. and China, Bessent clarified that the goal of the Trump administration’s trade policy is not to completely sever ties with China. He acknowledged that negotiations with China may be challenging but reiterated that both countries are aware that the current situation cannot continue indefinitely.
Bessent’s comments come at a critical time as the trade war between the world’s two largest economies has been a source of uncertainty and volatility in global markets. The prospect of a de-escalation in tensions between the U.S. and China is expected to bring a sense of relief to investors and the broader market.
The Treasury Secretary’s remarks provided a glimmer of hope for a potential resolution to the trade dispute that has been ongoing for some time. As the U.S. and China continue to engage in negotiations, many will be closely watching for any signs of progress towards a more stable and mutually beneficial trade relationship between the two economic powerhouses.