Key Takeaways Treasury Secretary Scott Bessent said the U.S.-China tariff war is "unsustainable" and will likely "de-escalate."Bessent's comments fueled a stock market rally due to the prospect of a deal ending a trade war that could be destructive to both economies.

The International Monetary Fund cut its global growth forecasts for this year and 2026, based on weaker performance estimates from the U.S. and China.

South Korea has faced attempts to pass off goods from China as Korean exports. This is being done to circumvent US President Donald Trump's massive tariffs, Reuters reports. The Korean Customs Service said that in the first quarter,

Here's the latest on the trade war over the past 24 hours. Beijing warned countries not to do trade deals with the U.S. that isolate China. President Trump fired off [tariff talking points]