Scott Bessent, the US Treasury Secretary, discussed important views on economic policies and trade relations with China in an exclusive interview with Fox News. Criticizing China’s trade approach, Bessent stated, ‘China’s export-dependent economic model is no longer acceptable.’ He firmly emphasized that Chinese manufacturers will have to accept the imposed tariffs. This explicit stance of the Treasury Secretary comes at a sensitive juncture when trade tensions between the two economic powers persist. Concurrently, the US government’s efforts to curb inflation and create stability in financial markets have become a key focus of the country’s economic policies. The decision to reduce interest rates is also being evaluated in line with this macroeconomic strategy.
