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

Trump's erratic, and often confusing, rollout of tariffs has hit countries ranging from the largest U.S. trading partners, like Canada, Mexico and China. The result has been almost unprecedented market volatility and serious damage to investor trust in U.S. assets.

Treasury Secretary Scott Bessent told reporters Wednesday that high duties imposed by the US and China need to come down mutually before talks can begin between the two economies.