Scott Bessent says it’s China’s responsibility to ‘de-escalate’ trade war

Treasury Secretary Scott Bessent (Credit: Francis Chung—Politico/Bloomberg)

• Treasury Secretary 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, responsibility to end the dispute lies with Beijing, according to Treasury Secretary Scott Bessent.