U.S. Treasury Sec. Bessent Confirms Commitment to Investment Hub Status

In a recent interview on CNBC’s ‘Squawk Box’, U.S. Treasury Secretary Scott Bessent addressed the ongoing trade discussions with China, emphasizing the US’ dedication to its position as a global investment hub. He stated that while contact between various branches of the U.S. government and Chinese officials continues, it is ultimately China’s actions towards de-escalation that will be crucial for resolving trade tensions. Bessent highlighted that despite China’s current strong trade dominance, 125%-145% tariffs are unsustainable, creating greater incentive for compromise from China.