The Chinese tariff battle will get rid of

Treasury Secretary Scott Bessin said Investors At a closed meeting on Tuesday, it is expected that “there will be an escalation” in the president Donald Trump‘s Trade war with China In the “very near future”, a person in the CNBC room said.

“Nobody believes the current current situation is sustainable,” Pisent said at the private investor summit in Washington, “Jpmorgan Chase, with the current investor’s current, with tariff rates at its current levels.

SharesHe has already recovered from the sale of the previous day, rose up after reporting the first time.

Pesin said he believed that the possibility of an escalation between the great economic powers “should give the world, markets, sigh”, according to the person in the room.

“We have a ban now, on both sides, right?” He said.

Bessent also insisted that although the United States escalated the customs tariffs on Chinese imports to 145 %, revenge on China with 125 % duties on American goods, the goal of Trump’s policy “is not separated”.

The US Secretary of Ministers indicated that negotiating with China is likely to be a “tension.”

But no one, “believes the current situation is sustainable,” Besin added.

Later on Tuesday, White House press secretary Caroline Levitt chanted Pesent’s positive expectations towards talks with China, although none of the officials suggested that these negotiations had already begun.

“We are in good condition in terms of potential trade dealing with China,” Levitte told a press conference.

Trump “puts the way for an agreement with China, and the ball is moving in the right direction.”

He was asked if Trump had occurred directly with the Chinese president Xi JinpingLevitte said she has nothing to participate.