🚨 🚨 Over the last 24 hours:
1. Trump says tariffs on China won’t be as high as 145% and “will come down substantially"
2. Bessent says "de-escalation with China" is coming
3. WSJ reports that tariffs on China are set to drop to 50%-65%
4. Bessent says America "first does not mean America alone"
5. Bessent declines to comment on WSJ report in point #3
6. Bessent clarifies Trump is not offering a unilateral decrease in tariffs on China
7. Bessent says US-China trade deal will take 2 to 3 years
The market's rollercoaster ride continues.
