Bessent told people he sees de-escalation with China at JPMorgan private event ...Middle East

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Bessent told people he sees de-escalation with China at JPMorgan private event

US Treasury Secretary Scott Bessent made significant comments about the ongoing tariff tensions with China at a closed-door investor summit on Tuesday in Washington.

According to Bloomberg, Bessent told attendees that the standoff with China -- which he said was essentially an embargo -- is unsustainable and that he expects it to de-escalate.

    He said that while formal negotiations haven't commenced, a deal remains possible.

    Risk assets have rallied on this.

    This article was written by Adam Button at www.forexlive.com.

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