Secretary Treasury Scott Bessent said both the U.S. and China don’t want the trade war to escalate. However, he said, it’s China’s responsibility to ensure that doesn’t happen. As the U.S. and China stare each other down amid their ongoing trade war,

I would guess that India would be one of the first trade deals we would sign. So watch this space,” Bessent added. In addition to his assessment of the situation with China a

The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.