WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs quickly due to tariffs and that Beijing will see over time that Chinese tariffs are not sustainable.

The Senate has confirmed former Sen. David Perdue as ambassador to China, just as the U.S. and China are locked in a tariff showdown.

The US Senate on Tuesday confirmed President Donald Trump's political ally David Perdue to be ambassador to China, a key trade partner that the Republican president has hit with punishing tariffs.Since taking office in January,

The Senate confirmed former Republican Georgia Sen. David Perdue as the new U.S. ambassador to China. Perdue, who has business experience in Asia, including China, will be on the front lines in Beijing of the fraught U.

Companies like Alibaba that built China’s world-leading online shopping sector are now helping its sellers find markets beyond the United States.

Kirill Tremasov, adviser to the governor of Russia's central bank, issued a warning amid the Washington-Beijing trade war.

China on Monday said it was on the right side of history in its gruelling trade war with the United States. Recall that the US President Donald Trump, since returning to the presidency in January, has imposed 10 per cent tariffs on most US trading partners and a separate 145 per cent levy on many products from China.