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.

U.S. President Donald Trump insisted that China must 'make a deal' issuing another bizarre threat to the country in what some are calling a trade war