US Treasury Secretary criticizes China’s export model, backs Trump’s tariffs for deeper collaboration and economic stability.

US Treasury Secretary Scott Bessent has publicly criticized China’s export-driven economic model, labeling it as unsustainable and detrimental to both China and the global economy. In his statement, Bessent defended President Trump’s tariffs, stating that they are necessary to encourage more profound collaboration and rectify policy decisions that have debilitated US manufacturing. Bessent’s remarks come amidst escalating trade tensions between the United States and China, with both countries imposing tariffs on each other’s goods. This criticism highlights the ongoing economic challenges faced by both nations and underscores the need for constructive dialogue and cooperation to resolve trade disputes.

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