Treasury Secretary Bessent says ‘it's up to China' — not the US — to de-escalate trade war
1. Tariff de-escalation must come from China, says Treasury Secretary. 2. Investors hope for lower tariffs to ease supply chain issues. 3. China has exempted some semiconductors from tariffs amidst negotiations. 4. Trump's tariff reductions may influence negotiations with other countries. 5. Strong euro could prompt European Central Bank rate cuts.