Treasury Secretary Scott Bessent said at a closed-door JPMorgan investor summit that he expects trade tensions with China to de-escalate, according to people in the room Tuesday for his remarks. Bessent told attendees that although negotiations haven't started,

U.S. Treasury Secretary Scott Bessent reportedly told a closed-door audience on Tuesday that he expects a "de-escalation" in the trade war between the U.S. and China in the "very near future." His remarks,