Treasury Secretary Scott Bessent on Wednesday said he believes the Trump administration could strike a deal with China.

Treasury Secretary Scott Bessent said that "there is an opportunity for a big deal here" on trade issues between the United States and China. "If they want to rebalance, let's do it together," Bessent said during an appearance at the Institute of International Trade and Finance in Washington,

The comments from the US Treasury Secretary come as trade war between the world's two biggest economies has escalated.