It won't be zero. It used to be zero." Trump's comments came after Bessent told investors in a closed-door summit Tuesday that he sees

Treasury Secretary Scott Bessent told private investors during a meeting on Tuesday that the spiraling trade war between the United States and China was unsustainable and that he expects a "de-escalation" soon, according to a report from the Associated Press (AP). Newsweek has reached out to the White House for comment on Tuesday.

President Donald Trump moved to ease investor concerns over escalating trade tensions, stating today that the proposed tariff on Chinese imports "won't be anywhere near" the 145% figure previously floated.