News Wrap: Bessent says U.S. and China both see high tariffs as unsustainable

In our news wrap Wednesday, Treasury Secretary Scott Bessent said both the U.S. and China see high tariffs as unsustainable but dismissed reports U.S. would bring them down unilaterally, a dozen states have sued the Trump administration over its tariff policy and President Trump signed an executive order that will seek changes in the accreditation process for colleges and universities.