US Treasury Secretary says situation with China is unsustainable, source says

ReutersApr 22, 2025 5:22 PM

NEW YORK, April 22 (Reuters) - 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.

Bloomberg first reported this.

He also added that negotiations haven’t started but that a deal is possible, the source added.

Bessent said this at a closed door event hosted by JPMorgan Chase JPM.N in Washington.

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