Bessent Sees De-Escalation With China, Situation Unsustainable

Bloomberg04-23

US Treasury Secretary Scott Bessent told a closed-door investor summit Tuesday that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate.Bessent added that ...

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Comments

  • tanis
    04-23
    tanis
    I wonder how do u make a deal with another party without meeting or having negotiation with the other party? Talking to air? Might as well just say that US will unilaterally lower the tariffs. Say so much just for saving face. Or maybe US will just say a deal made with China without ever meeting with China? Usual tactics from T. I would wonder would China remove the restrictions on rare earth which is more damaging to US than the tariffs...hmmmm
  • ZhongRenChun
    04-23
    ZhongRenChun
    Tariffs should be delayed until 2026.
    • tanisReplyZhongRenChun: 
      Agreed, that is what the market wants which is certainty, but then again, I would believe that T wants to catch china off guard, but he underestimated China and overestimated himself and his own rag tag team. This is NOT 2018 when the first trade war started.  Also T has only 4 years, if not less.
    • ZhongRenChun: 
      economy needs time to adapt. business needs at least 6 months to prepare for big changes.  tariffs are too big too fast.  it's like heart surgery and brain surgery at the same time.  patient will die.  I would delay the tariffs to 2026 and start with 10%.  if theres positive result, gradually to 20%
    • tanis: 
      why? in any case, the trust in US is gone. Trust might come back only if the top man is replaced and that is a might be only.
  • Loyster
    04-23
    Loyster
    Admitting defeat. China 2 - USA 0
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