Markets Waver as US Treasury Chief Talks Tough on China Trade Risks

CN
7 hours ago

Amid efforts to highlight President Trump’s policy achievements during his second 100-day milestone, Bessent sought to reassure markets rattled by trade uncertainties. He noted several economic figures that show the U.S. economy has been performing well. Despite the remarks, Wall Street remains unmoved, as the Treasury Secretary’s statements did little to calm investor nerves.

“Since January 20th, interest rates, mortgage rates are down, gasoline, and energy prices are down we’re expecting the further decreases, and as Karoline said, the big tax on consumers that goes unnoticed is deregulation, or regulation, and we are deregulating and bringing that down,” Bessent told the press.

Bessent added:

From a household income point of view, we would expect real purchasing increases that we’ve seen over the first hundred days, and we would expect that to accelerate.

The Treasury Secretary suggests that piecemeal policies—such as trade and tax deals—along with deregulation, will take time to show results, but the impact of deregulation is expected to become more noticeable by the third and fourth quarters.

As far as China is concerned, Yahoo Finance lead reporter, Jennifer Schonberger, reported that he warned maintaining U.S. tariffs at their current average of 145% could lead to China losing up to ten million jobs “very quickly,” citing external analyses. Even if tariffs were reduced, China might still lose five million jobs, highlighting the Trump administration’s argument that the burden lies on China to lower tariffs, which he deemed unsustainable given its export-dependent economy.

He predicted increased clarity as deals materialize but cautioned that “certainty is not necessarily a good thing in negotiating.” At present, Wall Street appears gripped by indecision, with leading U.S. indexes exhibiting minimal fluctuation today, primarily drifting sideways as major financial institutions hold off for any meaningful developments in trade agreement discussions. Bessent’s remarks offered no comfort amid a macroeconomic backdrop fraught with ambiguity.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Gate:注册解锁$6666
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink