Nominee Scott Bessent criticizes China's economy and supports tariffs to boost U.S. trade.

Scott Bessent, nominated by Donald Trump to be the next US Treasury Secretary, criticized China's economy as "unbalanced" and in a "severe recession" during his Senate confirmation hearings. He emphasized fair trade and proposed increasing domestic production and using sanctions against "bad actors" like Iran to strengthen the US economy. Bessent also supports using tariffs to counter what he sees as unfair trade practices.

2 months ago
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