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 Trump administration’s trade war rhetoric towards the People’s Republic of China appears to be softening further with Treasury Secretary Scott Bessent telling a group of economists that Beijing has a chance to strike a significant trade accord with Washington as both countries seek to reorient their economies.

U.S. markets are poised to open with big gains, a clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bess