Treasury Secretary Bessent: China Is the Biggest Source of U.S. Trade Problems

When reporter asked Treasury Secretary Bessent: to do Three quick things for the sake of clarity, especially for the markets. First of all, China are they part of this 10% universal? and is Canada and Mexico are they part of the 10% Is this all about China?

Secretary Bessent Responded Well, it is all about bad actors, and what we will see is some of the very early countries that are China’s neighbors. We will see Vietnam today, Japan, South Korea, and India. So, we will see.

As I repeatedly said, and President Trump has been saying it for years, China is the most unbalanced economy in the history of the modern world. They are the biggest source of the U.S. trade problems.

They are a problem for the rest of the world because what we have seen is that, at the U.S.-announced tariff wall last week, many goods have started flooding into Europe.” According to Cnn