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US Treasury Secretary Scott Payette warned that any escalation in the US -Chinese trade war should be mutual, which denies suggestions that President Donald Trump will reduce fees unilaterally on Chinese goods.

Speaking to reporters on Wednesday, Pesint said, “There must be an escalation on the part of both sides,” he said, replacing the comments he made to the JPMorgan conference on Tuesday, where he warned that the United States of China is The trade war was “not sustainable”.

Pesin said that the high level of the customs tariff imposed by the United States and China on each other was “equivalent to the siege.” Trump imposed a 145 percent tax on Chinese goods Beijing has taken revenge Duty 125 %.

“The rest between the two countries in trade does not fit the interests of anyone.”

When asked if the United States would make an unilateral offer to cancel trade tensions with China, Bessent replied: “Not at all.”

His remarks came after the Wall Street Journal said on Wednesday that Trump was considering unilateral cutting Definitions On China.

When he later asked Wednesday about when the United States could reduce the definitions of China, Trump told the correspondents, “This depends on them.”

In response to a question about whether he is concerned about the impact of his 145 percent definition on Chinese goods on American small companies, Trump replied: “No.”

“It is a high tariff, but I did not drop it,” he said. “This means mainly that China does not do any work with us … because it is a very large number.”

Trump added that the United States and China were in direct contact “every day.” Officials have had links at the work level over the past few months, but there have been no negotiations on trade.

American stocks prepared some of their previous gains on the back of Bessent’s comments, where the S&P 500 Blue Chip 500 ends 1.7 percent in New York. The nasdaq technology compound has gained 2.5 percent.

Both of the tissues he greatly sold on Monday because of the fears that Trump was considering shooting at US Federal Reserve Chairman Jay Powell. On Tuesday, the president reassured the markets by saying that he “has no intention” to dismiss him.

“The uncertainty and contradiction is an economic poison,” said Stephen Gray, chief investment employee at Gray Value Management. “By reverse himself indefinitely and moving to previous obligations, this White House has permanently adapted everyone to take his statements with a grain of salt.”

Pesin warned that the two countries did not meet any commercial talks. The sources familiar with the discussions in Washington and Beijing said that China made it clear that it had looked at the Trump tariff as a form of economic bullying and would not tolerate it.

“Both sides are waiting to speak to the other,” said Pesin, who will not be attracted to the timing of any talks.

When asked about China’s position that the United States was using definitions as a form of bullying, Trump said: “China was receiving a huge tariff for many years … We are now reflected.”

Pesin told the JPMorgan conference that based on data two weeks ago, marine container reservations from China to Washington decreased by 64 percent.

He said: “It is a blessing and curse alike that the most powerful relationship at the top.” “So he is between President Shi [Jinping] President Trump, and it is clear that in any urgency, the talks will not start at the top, so I have no time frame. “

Trump said he wanted to negotiate with XI, but the Chinese have made it clear that they would not think about a phone call, yet he is the summit, until officials from both sides made the features of a possible business deal.

One of the persons familiar with the situation said that the Walmart and Target chiefs had a flagrant warning of Trump about the impact of the tariff on trade at the White House meeting on Monday.

A New York investor confirmed that it was very difficult to explain the comments from Bessent and Trump. “Who knows Hook, what is the weight that you allocate to him [Bessent’s comments on China and Trump’s pivot on Powell]The person said: “The market is a permanent yo-y.”