Treasury Secretary Scott Bessent said at a closed-door JPMorgan investor summit that he expects trade tensions with China to de-escalate, according to people in the room Tuesday for his remarks. Bessent told attendees that although negotiations haven't started,

U.S. Treasury Secretary Scott Bessent said on Tuesday that he believes there will be a de-escalation in U.S.-China trade tensions, but negotiations with Beijing have not yet started and would be a "slog,