Trump’s Treasury Secy Drops Bombshell; ‘Admits’ U.S.’ Tariff War Against China ‘Unsustainable’ | Watch

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Apr 23, 2025, 12:25:00 PM |

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U.S. Treasury Secretary Scott Bessent has admitted that the ongoing tariff war with China, sparked by President Donald Trump’s massive 245% tariffs, is “unsustainable.” Speaking at a private JPMorgan Chase event in Washington, Bessent said the current trade standoff is expected to de-escalate, although formal negotiations have yet to begin. He added that both the U.S. and China recognize that the status quo cannot continue.#tradewar #unitedstates #china #scottbessent #donaldtrump