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. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.

President Trump said 145% tariffs on Chinese imports will "come down substantially" as his administration expressed optimism about a trade deal.

Updates and latest news on the Trump administration, President Donald Trump, Pete Hegseth and the Supreme Court.

White House press secretary Karoline Leavitt is scheduled to brief reporters at 1 p.m. Eastern time Tuesday as questions swirl around Defense Secretary Pete Hegseth’s leadership of the Pentagon. Hegseth took aim at “leakers” during a Tuesday morning interview on Fox News amid a deepening controversy stemming from his use of Signal,