💨 Abstract

Treasury Secretary Scott Bessent believes there will be a de-escalation in U.S-China trade tensions, but negotiations have not started yet. He described the current bilateral trade situation as a two-way embargo and expressed hope for a "big, beautiful rebalancing" of economies. Bessent also signaled readiness to offer financial support to Argentina if needed, provided certain conditions are met.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖