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 aimed at promoting greater collaboration and rectifying policy decisions that have had a negative impact on US manufacturing. The criticism comes amid escalating trade tensions between the US and China, with both countries imposing tariffs on each other’s goods. Bessent’s remarks highlight the growing rift between the two economic powerhouses and the challenges they face in finding common ground. The US has been vocal in its efforts to address what it perceives as unfair trade practices by China, while China has retaliated with its own set of tariffs. The ongoing trade dispute has raised concerns about the potential implications for global trade and economic stability. Bessent’s comments underscore the need for constructive dialogue and cooperation to resolve trade issues and foster sustainable economic growth. It remains to be seen how the US-China trade relationship will evolve in the coming months and what impact it will have on the broader global economy.

Posted in
JUST IN
US Treasury Secretary criticizes China’s export model, defends Trump’s tariffs for stronger collaboration and manufacturing revival.
In Trend

India Shuts Attari Check Post After Pahalgam Attack, Impacts Trade with Pakistan – Foreign Secretary Imposes Restrictions
