In a recent statement, US Treasury Secretary Scott Bessent expressed strong criticism towards China’s export-driven economic model, labeling it as unsustainable and detrimental not only to China but also to the global economy. Bessent defended President Trump’s tariffs as a strategic tool to encourage more profound collaboration and rectify policy decisions that have negatively impacted US manufacturing. The remarks come amidst escalating trade tensions between the United States and China, with tariffs being imposed on various goods from both countries. Bessent’s comments highlight the administration’s stance on trade policies and its efforts to address what they perceive as unfair practices by China. The ongoing trade dispute has sparked concerns about its potential impact on the global economy and financial markets. Observers are closely monitoring the developments in the trade negotiations between the two economic giants, as they have far-reaching implications for international trade and economic stability. The US Treasury Secretary’s critique underscores the administration’s commitment to prioritizing American interests and ensuring a level playing field in international trade. The repercussions of the trade conflict are being felt not only in the US and China but also in other countries that are closely linked to the global supply chain. As the trade war continues to unfold, stakeholders are eagerly awaiting a resolution that can mitigate the negative consequences and restore confidence in the global economy.

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US Treasury Secretary criticizes China’s economic model, defends Trump’s tariffs for fostering collaboration and addressing policy weaknesses.
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