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From CNN, I'm AfomaDK, with the five things you need to know for Wednesday, April 23rd.

Treasury Secretary Scott Bessent warned it could take two to three years to fully rebalance trade with China.

That's according to a person familiar with his remarks after a speech in Washington.

The comments underscore how obstacles remain, even as investors are eager for trade deals, and CEOs

seek clarity on tariffs.

The U.S. trade deficit with China goes back decades.

But President Donald Trump told reporters his administration is actively speaking with Chinese

government officials.

Meanwhile, the White House isn't denying reports that a shouting match took place between Besson

and Elon Musk last week.

There are disagreements amongst the president's staff and cabinet sometimes, but we think

that's part of the healthy debate process.

And everybody knows that ultimately President Trump is the decision.

That's what Caroline Levitt told reporters today.

According to Axios, leadership questions at the IRS sparked the reported blowup.

The White House says President Trump hasn't told Ukrainian President Volodymy Salinsky

to accept the peace deal quote by the end of the day or risk the U.S. walking away from talks.

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