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[U.S. Treasury Secretary Predicts Near-term De-escalation Of US-china Trade Tensions] U.S. Treasury Secretary Scott Bessent, Speaking At A Private JP Morgan Conference, Said He Expects A De-escalation In U.s.-china Trade Tensions In The "very Near Future," Describing The Current Situation With Substantial Tariffs (145% US On Chinese Goods, 125% Chinese On US Goods) As An Unsustainable "two-way Embargo." Bessent Stated Negotiations Have Not Yet Started But The Goal Is Economic Rebalancing Rather Than Decoupling, And Also Indicated Potential U.S. Financial Support For Argentina Under Specific Conditions.
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