Treasury Secretary Scott Bessent on Monday put the responsibility for reaching a trade agreement on China. "I believe that it's up to China to de-escalate, because they sell five times more to us than we sell to them,

The Treasury secretary said that the President Trump and Xi Jinping of China have a good relationship but that he was not aware of a call, which Mr. Trump had alluded to last week.

U.S. Treasury Secretary Scott Bessent on Sunday did not back President Donald Trump's assertion that tariff talks with China were under way and said he did not know if the U.S. president had talked to Chinese President Xi Jinping.