U.S. stocks ended the day higher on Tuesday after remarks by Treasury Secretary Scott Bessent that while any negotiations with China over Donald Trump’s tariffs may be a “slog,” he believes there will be a de-escalation of the current trade tensions, describing the situation as not sustainable.
Bessent’s comments were made at a closed-door event on the sidelines of the International Monetary Fund and World Bank Spring Meetings and came the same day that the IMF warned the U.S. economy would be hit hardest by Trump’s aggressive tariffs plan.
