Reported about 14 hours ago
Scott Bessent's appointment as Treasury Secretary by President-elect Donald Trump might provide an opportunity for China to negotiate on trade tensions due to his moderate views on tariffs. Bessent, who leads Key Square Group, advocates for a gradual implementation of tariffs and signals that he believes China's currency is undervalued. While some analysts express skepticism about the Treasury's power in trade policy, others see Bessent as a potential mediator between the US and China in ongoing discussions.
Source: YAHOO