Tensions may be easing in the Trump Administration’s standoff with China per two days of comments from President Trump and Treasury Secretary Bessent, indicating a turn towards rebalancing the post-World War II global finance order rather than a hard line one-on-one battle. As for the escalating tariffs on imports from China, the comments suggested a final number in the 50% to 65% range or a tiered system based on strategic priority rather than 145% or more.

Bessent told the Institute of International Trade and Finance Wednesday that there was an “opportunity for ... Log in to view full article.