US Treasury secretary calls China’s trade escalation ‘unfortunate’

Treasury Secretary Scott Bessent Dismisses China's Tariff Retaliation

Treasury Secretary Scott Bessent downplayed reports of China’s plan to raise tariffs on U.S. goods, calling it “unfortunate” that China was unwilling to negotiate. On Wednesday, China announced it would increase tariffs on American goods to 84% in retaliation to President Trump's 104% tariff hike, further escalating the trade war. Specifically, Bessent said about the swings in the bond market: "I believe there is nothing systemic about this," de…

ThePatriotLight - Wall Street grew for decades, now 'Main Street's turn': Bessent

ThePatriotLight - US Treasury Secretary Scott Bessent said Wednesday that after Wall Street’s wealth gains in recent decades, it is now smaller institutions’ turn — addressing bankers shortly after President Donald Trump’s fresh tariffs struck fear through markets. “Wall Street has grown wealthier than ever before, and it can continue to grow and do well. But for the next four years, the Trump agenda is focused on Main Street. It’s Main Street’s…

China's tariff hike unfortunate, US Treasury secretary says

Chinese don't want to negotiate because they are 'worst offenders' in int'l trading system, Scott Bessent says - Anadolu Ajansı

US Treasury secretary calls China’s trade escalation ‘unfortunate’

Scott Bessent did not rule out removing Chinese stocks from US exchanges, saying that all options were on the table.

Bessent Sees ‘Normal Deleveraging’ in Bonds, Warns China on Yuan

Treasury Secretary Scott Bessent played down a selloff in US Treasuries, saying that there was nothing systemic at play, and also served warning against China not to attempt to devalue its exchange rate in retaliation for American tariff hikes.

Bessent: China Escalation 'Big Mistake,' Playing a 'Losing Hand'

Treasury Secretary Scott Bessent said Tuesday on CNBC's "Squawk Box" that China's escalation of tariffs is a "big mistake" because it is playing a "losing hand."