U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.

STORY: TRUMP: "We are going to have a fair deal with China. It's going to be fair."President Donald Trump told reporters outside the White House on Wednesday that the U.S. was still "actively" negotiating with China on trade.

President Trump hasn’t offered to take down U.S. tariffs on China on a unilateral basis, Bloomberg News quoted Treasury Secretary Scott Bessent as saying. Bessent answered questions from reporters Wednesday,