Bessent: Chinese language exemptions present they need a de-escalation on commerce

• It’s a difficult relationship with China
• US has had substantial discussions with Japanese allies on commerce
• Chinese language exemptions present they need a de-escalation on commerce
• Europeans are panicked about power of euro
• 17 vital buying and selling companions have made ‘superb proposals’ to avert US tariffs
• Negotiations with Asian buying and selling companions going very effectively
• Says he was stunned when markets rallied after remarks at JPMorgan convention, did not say something new

He is going with “it was the market’s fault” as his protection for telling market-moving info to a non-public group.

In any case, might be attempting to clean the best way for Trump to ease China tariffs by highlighting the exemptions.

This text was written by Adam Button at www.ubaidahsan.com.



Source link