US Treasury Secretary criticizes China’s economic model, supports Trump’s tariffs for stronger collaboration and manufacturing revival.

US Treasury Secretary Scott Bessent has raised concerns over China’s export-driven economic model, labeling it as unsustainable and detrimental to both China and the global economy. Bessent defended President Trump’s tariffs, stating that they are aimed at promoting stronger partnerships and rectifying policy decisions that have negatively impacted US manufacturing. The criticism comes amidst escalating trade tensions between the US and China, with both countries imposing tariffs on each other’s goods. Bessent’s remarks highlight the ongoing debate surrounding trade policies and their implications on the global economic landscape. The US government’s stance on tariffs and trade agreements continues to be a point of contention, with proponents arguing for protectionist measures to safeguard domestic industries, while critics warn of potential repercussions on international trade relations. As the trade war between the US and China intensifies, the implications for businesses and consumers in both countries remain uncertain. The outcome of these trade negotiations will likely have far-reaching effects on the global economy, shaping future trade dynamics and diplomatic relations between the world’s two largest economies.

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