Treasury Secretary Bessent said the Trump administration will weigh China's lack of compliance with the "phase one" trade deal from the president's first term in current negotiations.

As I repeatedly said, I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them,” Bessent said Monday morning on CNBC. So

Treasury Secretary Scott Bessent said Monday that it's up to China to take the first step in de-escalating the tariff fight with the U.S. because of the imbalance of trade between the two nations.