Treasury Secretary Scott Bessent said late Wednesday that the U.S. has “put China to the side” as administration officials work to negotiate deals with other major trading partners. In an

U.S. Treasury Secretary Scott Bessent said on Wednesday that he believes that excessively high tariffs between the U.S. and China will have to come down before trade negotiations can proceed but said President Donald Trump would not unilaterally cut tariffs on Chinese imports.

Treasury Secretary Scott Bessent on Monday signaled that a de-escalation of the trade war over President Trump’s harsh tariff rates would have to come from China — not the US.