Source: International Business Times
US Treasury Secretary Scott Bessent told a summit in Washington that China chose to escalate trade tensions with Washington by retaliating to President Donald Trump's tariffs AFP US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil. Bessent told a summit of bankers in Washington that economies potentially eyeing closer ties with Beijing over the US shift may want to think twice, saying "that would be cutting your own throat. ""They just keep producing and producing, dumping and dumping, and it's going somewhere," he added.
