Bessent Floats Longer-Term China Truce
Bloomberg Televisionยท2025-10-16 05:04
Donald Trump, the US President, was actually asked about the trade war and whether or not the US was in fact in one. Here's how he actually framed and phrased that specific answer. Are we in for a sustained trade war with China.Well, we're in one now. Look, we have a 100% tariff. If we didn't have tariffs, we would be exposed as being a nothing. We would have no defense.President Trump spoke after Treasury Secretary Scott Bessent floated a longer pause on high US levies targeting China to resolve a conflict ...