The Minister of Finance of USA stated today (22/04/2025) that the trade confrontation with China It is not sustainable and that he believes in a “declining” of the situation “very soon”, according to Reuters.
Specifically, in a closed doors of an event organized by JPMorgan Chase in Washington, on the sidelines of the IMF Spring Summit and World Bank, Bessed allegedly said about the amount of duties imposed by the US and China that “no one considers it.”
The US finance minister noted that the negotiations between the US and China have not begun, but expressed the belief that it was possible to reach an agreement.