Treasury Sec. Bessent: China's escalation was a 'big mistake', country playing with 'losing hand'

Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss the fallout from President Trump's sweeping new tariffs, using tariffs as a negotiation tactic, what the administration's endgame is with tariffs, state of U.S.-China trade relations, the methodology behind the White House's tariff formula, and more.