US Treasury Secretary's Stark Warning to China

In a bold statement on Wednesday, United States Treasury Secretary Scott Bessent responded to China's retaliatory tariff increase on US goods, which now stands at a staggering 84%. This move comes as a direct counter to the US's imposition of a 104% tariff on Chinese exports. Bessent's reaction was succinct: "So what."

Bessent issued a clear warning to Beijing: "Do not try to devalue your way out of this trade dispute." He elaborated that such a strategy would essentially act as a "tax on others," undermining global economic stability.

Call for Diplomatic Engagement

Emphasizing the need for dialogue, Bessent urged China to "come to the table" to negotiate a resolution. He revealed that the US is exploring all possible measures, including the delisting of Chinese companies from US stock markets, to address the ongoing trade tensions.

Additionally, Bessent called on the Chinese government to take decisive action against the export of fentanyl precursors to the US. This request aligns with the Trump administration's stance, which holds China accountable for the opioid crisis affecting countless Americans.