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Independent (uk) // Headlines

The Latest: Treasury secretary says trade war with China is not ‘sustainable’

Wednesday 23rd April 2025, 2:25PM

U.S. markets opened with big gains Wednesday amid 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 Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the world’s two largest economies

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