In a recent interview with Fox News, US Treasury Secretary Scott Bessent expressed his disapproval of China's export-oriented business model, calling it unacceptable. He emphasized that Chinese manufacturers should bear the costs associated with the imposed tariffs rather than passing them on to consumers or other companies.
These statements came amidst ongoing economic and trade negotiations between the US and China, where tariffs remain a point of contention. The US has imposed a series of tariffs on Chinese goods in an attempt to balance the trade deficit, which is a key focus of the current administration's economic policy.
Bessent's stance reflects the US's desire to change the existing trade dynamics with China, highlighting the need to redistribute the financial burden of tariffs to Chinese manufacturers. This statement could impact the future course of trade negotiations and the strategies used by both countries going forward.