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Bessent dismisses China investing in U.S. for a trade pact

Bloomberg · Older
Bloomberg
Bloomberg
Older

Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact. He said his "sense is no" to China making pledges worth billions of dollars like Japan, South Korea and the EU have as part of their trade agreements.

Breakdown
  • Scott Bessent questions the importance of Chinese investment in the U.S. for trade negotiations. 54s
  • He highlights existing economic interdependence between the U.S. and China. 56s
  • Concerns about foreign ownership of major U.S. projects have resurfaced. 1m 9s
  • Tariff revenues have increased but are not enough to address the U.S. deficit. 1m 45s
  • Interest payments on debt are identified as a major factor in the growing deficit. 2m 9s
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