#TradeWarEases US-China trade tensions are expected to ease, according to US Treasury Secretary Scott Bessent. In a closed-door meeting, Bessent stated that neither side sees the current status quo as sustainable, and the Trump administration's goal is not to decouple the world's two largest economies. This news has led to a surge in the US dollar index, which measures the greenback against six major currencies. Some analysts believe pressure is mounting on the White House to calm things down, potentially paving the way for a trade deal. However, doubts about Fed independence could impact the dollar's value ¹.