Reported about 24 hours ago
Treasury Secretary Scott Bessent criticized the World Bank and IMF for their operations while emphasizing the U.S.'s commitment to global leadership. He called for deeper collaboration in trade despite ongoing tensions with China, noting a potential opportunity for a significant trade deal where the U.S. boosts manufacturing and China increases consumption. Bessent also highlighted the need for reform within these institutions, arguing that China, as a major economy, should not receive preferential treatment.
Source: YAHOO