Scott Bessent says it’s China’s responsibility to ‘de-escalate’ trade war

• Treasury Secretary Scott Bessent said both the U.S. and China don’t want the trade war to escalate. However, he said, it’s China’s responsibility to ensure that doesn’t happen.

As the U.S. and China stare each other down amid their ongoing trade war, responsibility to end the dispute lies with Beijing, according to Treasury Secretary Scott Bessent. 

“As I repeatedly said, I believe that it’s up to China to de-escalate, because they sell five times more to us than...