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US Treasury Secretary Scott Bessent - China wants everybody

Ashwini Roopesh

Updated at: 7 hours ago

{"content":"US Treasury Secretary Scott Bessent - China wants everybody else DOWN WITH THEM. He didn't minced any words and called China's economy as WEAK. Now you all can imagine, who these negotiators are - the ones with whom rest of the world is struggling to get tariffs down. 👉 "This is a sign of how weak their economy is, and they want to pull everybody else down with them. Maybe there is some Leninist business model where hurting your customers is a good idea, but they are the largest supplier to the world. If they want to slow down the global economy, they will be hurt the most." Some mind blowing revelation which even China and the world isn't aware of - “They are in the middle of a recession/ depression, and they are trying to export their way out of it. The problem is they’re exacerbating their standing in the world.” 👉 US tariffs on China of nearly 145% in some cases are on hold until Nov. 10 while the Chinese tariffs on US goods ballooned to 125%. However, according to Goldman Sachs - Americans will likely bear the brunt of 55% of tariff costs by the end of this year, with most US companies taking on 22%. Early Nov 2025, the SC of US is set to hear a challenge to Trump's most sweeping tariffs. A ruling against the illegal tariffs, which would be in line with lower court decisions and most probably this will have significant ramifications for Trump's tariff strategy moving forward. $TRUMP #TariffWars ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/15/55cf9f1a24bd4d0e89f3cd90cddeb093.png"],"tags":[],"tradingPairs":["TRUMP/USDT"],"quotearticleid":0}

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