Wednesday on FBN’s “Mornings with Maria,” Treasury Secretary Scott Bessent argued efforts to counter U.S. tariffs with further retaliatory tariffs were a “loser” for China.
According to Bessent, there were no winners, but the “proportionality for the Chinese” would be much worse.
“I think it’s unfortunate that the Chinese actually don’t want to come and negotiate because they are the worst offenders in the international trading system. They have the most imbalanced economy in the history of the modern world,” Bessent said. “And, you know, I can tell you that this escalation is a loser for them, that they have some very smart — the economists … technocrats within their bureaucracy. And they would be telling the leadership that ‘we do not have the edge
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