US Treasury Secretary Bessent says tariffs could be back in place to previous levels by July, and doesn't think there's a big risk from Trump's China trip; US wants to de-risk, not decouple from China and China's global trade surplus is getting excessive

Newsquawk StaffPublished 14 Apr 2026, 22:02 UTC

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21:57

US Vice President JD Vance is expected to lead a potential second round of talks with Iranian officials should negotiations lead to another face-to-face meeting before the ceasefire expires next week, according to sources familiar cited by CNN

21:55

Newsquawk Daily Asia-Pac Opening News - 15th April 2026

21:42

US Treasury Secretary Bessent says tariffs could be back in place to previous levels by July, and doesn't think there's a big risk from Trump's China trip; US wants to de-risk, not decouple from China and China's global trade surplus is getting excessive

21:31

US Treasury Secretary Bessent says underlying economy remains strong and still thinks growth could exceed 3% to 3.5% this year

21:29

US Treasury Secretary Bessent says will push for secondary sanctions on Iran if needed

On the Newsquawk feed at 21:42, 20 minutes before this page.

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Context

Treasury Secretary Bessent's comments on the potential reinstatement of tariffs suggest a cautious approach rather than a full-scale trade war. His emphasis on wanting to 'de-risk' rather than decouple indicates a desire for ongoing economic engagement with China, which could stabilize market sentiment, albeit with concerns over China’s growing trade surplus. This nuanced positioning might lead investors to reassess their strategies across currencies and commodities, particularly in relation to risk assets and the dollar.

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