7 hours agoChina's tariff against the United States reacts to US Secretary of Treasury: There will be terrible consequences
Periskopi(a year ago)
(a year ago)US Treasury Secretary Scott Bessent warns American partners that pursuing a stronger alliance with China would have dire consequences. This comes after Spain's economy minister on Monday suggested that Beijing could be a crucial strategic partner for his country and others in Europe, reports [...]
US Treasury Secretary Scott Bessent warns American partners that pursuing a stronger alliance with China would have dire consequences.
This comes after Spain's economy minister on Monday suggested Beijing could be a crucial strategic partner for his country and others in Europe, reports CNN, broadcast Periscope.
But speaking at a summit in Washington, DC, Bessent says the biggest alignment with China would be like “to cut your throat”.
In an interview with Fox Business Network earlier, he also reacted to China's unfortunate “decision” to set the 84% fee for American goods.
China “does not have the advantage here”, he says, noting that it sells more in the US than it buys. So they can raise their tariffs, but what?”
