From Bloomberg, April 22:
US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate.
Bessent added that negotiations haven’t started but that a deal is possible, according to people who attended his session at an event hosted by JPMorgan Chase & Co. in Washington, which wasn’t open to the public or media.
The Treasury Department didn’t immediately respond to a request for comment.
US stocks rose after his comments, with the S&P 500 index gaining as much as 2.9% as of 12:28 p.m. in New York, while the dollar and Treasuries steadied....
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I'm not sure the Chinese leadership is onboard with the Secretary's optimism, though their threats yesterday would indicate they are concerned:
China Warns Other Nations Not To Cut Trade Deals It Deems Threaten Chinese Interests
