U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist.
Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act.
While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance.
Beijing denies ongoing talks.
The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
#ScottBessent #ChinaTariffs #USChinaTensions #TradeWar #JobLosses #XiJinping #TrumpAdmin #WhiteHousePress #BeijingEconomy #TariffTalks #EconomicCrisis #USDeficit #TradeDeficit #GlobalTrade #FinancialStability #SupplyChainCrisis #Geopolitics #ChinaJobs #USPolicy #BidenVsChina Also Read Closely Monitoring India-Pakistan's War-Like Situation: China :: https://www.oneindia.com/international/closely-monitoring-india-pakistans-war-like-situation-china-4136961.html?ref=DMDesc China Tests Non-Nuclear Hydrogen Bomb Capable of Producing 1,000°C Fireball :: https://www.oneindia.com/international/china-tests-non-nuclear-hydrogen-bomb-capable-of-producing-1-000-c-fireball-4130973.html?ref=DMDesc New Satellite Images Reveal China’s Growing Nuclear Submarine Fleet Near Qingdao :: https://www.oneindia.com/international/new-satellite-images-reveal-china-s-growing-nuclear-submarine-fleet-near-qingdao-4126257.html?ref=DMDesc ~GR.124~HT.408~
