U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.

U.S. Treasury Secretary Scott Bessent told a closed-door investor summit on Tuesday that he expects the tariff showdown with China will de-escalate as the situation is unsustainable, according to a media report.

The U.S. and China held talks on Thursday morning to help resolve an ongoing trade war, President Donald Trump said. "We may reveal it later, but they had meetings this morning, and we've been meeting with China,