Bessent Says Status Quo Is Working Well on China

“If it’s not broke, don’t fix it,” Treasury Sec. Scott Bessent says of China trade situation in Fox News interview.

• Says “we’re very happy” with current situation on China tariffs
• Says we’ve had very good talks with China and says he imagines “we’ll be seeing them before November”
• “The status quo is working pretty well,” Bessent says
• Says he wears a lot of hats in the administration, but he’s not part of the TikTok negotiations

To contact the reporter on this story:
Chelsea Mes in Sydney at cmes@bloomberg.net

To contact the editors responsible for this story:
Jan Dahinten at jdahinten@bloomberg.net ...