💨 Abstract

Treasury Secretary Scott Bessent expects a de-escalation in the trade war with China, stating that the current tariffs situation is unsustainable. However, formal talks between the U.S. and China have not begun yet. The tariffs, placed by Trump on several countries, have led to increased interest rates and stock market instability due to concerns about slower growth and inflation.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖