U.S. Treasury Secretary Scott Bessent on Monday said many top trading partners of the United States had made 'very good' proposals to avert U.S. tariffs, and one of the first deals to be signed would likely be with India.

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.

The US Treasury Secretary Scott Bessent recently suggested that India could be among the first nations to finalise a trade deal with the United States, citing positive negotiations.