Bloomberg Podcasts
@bloombergpodcasts·503K subscribers·32.4K videos
Bessent Expects China Standoff to De-Escalate | Balance of Power
Posted
April 22, 2025
Views
2,189
Likes
14
Comments
10
Engagement
April 22, 2025
2,189
14
10
1.10%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
32:51Now PlayingWatch Joe and Kailey LIVE every day on YouTube().
US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China cannot be sustained by both sides and that the world’s two largest economies will have to find ways to de-escalate.
That de-escalation will come in the very near future, Bessent said during an event hosted by JPMorgan Chase & Co. in Washington, which wasn’t open to the public or media. He characterized the current situation as essentially a trade embargo, according to people who attended the session.
Bessent said that it was not the US’s goal to decouple from China and that the current status quo of 145% tariffs on Chinese goods by the US and 125% tariffs on US products by China was not sustainable. He expressed optimism that tensions could cool in the coming months, which would bring relief to markets, but cautioned that a larger deal could take longer.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg White House Correspondent Kate Sullivan.
Bloomberg Politics Contributor Rick Davis and ROKK Solutions Partner Kristen Hawn.
Bloomberg International Economics and Policy Correspondent Michael McKee.
EIU Chief Economist Constance Hunter.
See omnystudio.com/listener () for privacy information.
Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
Subscribe to Bloomberg Podcasts
Listen to more Sound On
#Bloomberg #Podcast #Politics
Follow Bloomberg Podcasts on Twitter
Visit our other YouTube channels:
Bloomberg Television
Bloomberg Originals
For coverage on news, markets and more
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
