ZhongRenChun
04-23

Tariffs should be delayed until 2026.

Bessent Sees De-Escalation With China, Situation Unsustainable

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 negotiations haven’t started but that a deal is possible, according to people who attended his session at an event hosted by JPMorgan Chase & Co. in Washington, which wasn’t open to the public or media.The Treasury Department didn’t immediately respond to a request for comment.The US Treasury chief
Bessent Sees De-Escalation With China, Situation Unsustainable

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  • tanis
    ·04-23
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    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.
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    • tanisReplying toZhongRenChun: 
      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.
      04-24
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    • 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%
      04-24
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