US Treasury Secretary criticizes China’s economic model, defends Trump’s tariffs for fostering collaboration and supporting US manufacturing.

In a recent statement, US Treasury Secretary Scott Bessent expressed 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 intended to promote closer collaboration and rectify policy decisions that have negatively impacted US manufacturing. The criticism comes amid ongoing trade tensions between the US and China, with tariffs being a key tool in the Trump administration’s efforts to address what they perceive as unfair trade practices. Bessent’s remarks highlight the growing rift between the two economic powerhouses and underscore the challenges of finding common ground on trade issues. The impact of these trade disputes extends beyond the US and China, affecting global markets and trade relationships. As both countries continue to negotiate and navigate these challenges, the repercussions are likely to be felt worldwide.

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