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Treasury Secretary Bessent Urges China to Take Lead in Trade War De-Escalation
Treasury Secretary Bessent Urges China to Take Lead in Trade War De-Escalation
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Treasury Secretary Scott Bessent shifted the onus of trade agreement negotiations onto China during remarks on April 28. The imbalance in trade volumes—China exports five times more to the U.S. than it imports—renders their tariff strategy untenable, Bessent argued.
The comments followed President Trump’s April 2 announcement of sweeping global tariffs, later modified to a 10% baseline with a 90-day reprieve for targeted levies. market volatility persists as traders weigh the geopolitical ripple effects.
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