US Treasury Secretary Scott Bessent Drops Bombshell | US-China Trade War
US Treasury Secretary Scott Bessent said that a falling stock market won’t change the US government’s stance on trade negotiations or taking strong action against China. Bessent said, “We won’t negotiate because the stock market is going down” or shy away from taking strong measures against Beijing for that reason. “We will negotiate because we are doing what is best economically for the US,” he added.
Bessent also hit back at a Wall Street Journal report saying that said Chinese President Xi Jinping is “betting that the US economy can’t absorb a prolonged trade conflict.” Bessent also said that while President Donald Trump “likes a high stock market,” he “believes that the high stock market is a result of good policies.”
Credit to : Mint