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According to one person in the room, Bessent said that he expects both sides will de-escalate in the very near future because China and the United States effectively have embargoes on each other ...

"In essence, what China now declares is that it is prepared to fight to the end: trade war, tariff war, technology war, or real war," Victor Gao of the Center for China and Globalization, a Beijing ...

effectively erecting trade embargoes against each other. Last week, China signalled that its own across-the-board rates would not rise further. "The United States has abused tariffs on all trading ...