US EditionTreasury Secretary Bessent says it’s up to China to de-escalate trade tensions
- Treasury Secretary Scott Bessent stated that China needs to de-escalate trade tensions, noting that they sell five times more to the U.S. Than the U.S. Sells to them.
- Bessent emphasized that the current tariffs of 120% and 145% are unsustainable.
- During IMF World Bank meetings, Bessent and his Chinese counterparts discussed financial stability and regulation.
- Bessent emphasized the significance of their discussions, mentioning that these two economies have many interactions.
34 Articles
34 Articles
Scott Bessent Makes CBS Reporter Look Clueless on Tariff War with China
A CBS News reporter regurgitated communist China’s talking points on the trade war with the U.S. as if Treasury Secretary Scott Bessent was supposed to take them seriously. Surprise: He didn’t take the bait.
China must ‘drop the tension’ from the trade war with the US, says the Treasury
Treasury Secretary Scott Bessent said that “all parties” in the U.S. government are in contact with China, but it is up to Beijing to take the first step to reduce the tension in the tariff war with the U.S. because of the trade imbalance between the two countries. “We’ll see how this evolves,” Bessent said in an interview with the CNBC. “As I’ve said repeatedly, I think China should reduce the tension because they sell us five times as much as …
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