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#BessentMoves đ¨đ¨
: Big moves brewing between the U.S. and Chinaâhereâs what you need to know:
đ¨ Bessent isnât playing around â When asked about delisting Chinese companies from U.S. stock markets, Treasury Secretary Scott Bessent said, âEverythingâs on the table.â Thatâs a serious signal.
âď¸ New tariffs coming April 2 â Bessent confirmed the U.S. will roll out country-specific tariffs. Not everyoneâs getting hit equally, but 15% of nations will carry most of the weight.
đĽ China hits back hard â In response to Trumpâs 104% total tariffs on Chinese imports, Beijing just announced 84% tariffs on ALL U.S. goods. Yeah, thatâs an economic punch.
đ Manufacturing push â Bessent says the U.S. economy needs to shift toward more domestic production. He also called on China to rely less on exports and more on local demand.
â ď¸ Currency warning â He warned China not to devalue the yuan to dodge tariffs. Called it a âtax on the global economy.â Translation: Donât mess with FX.
đ¤ Allies in the spotlight â Bessent didnât hold back. Told U.S. allies to think twice before getting cozy with China. Called them the âbiggest offenderâ and hinted at custom trade deals for friends.
đ Markets reacting fast â European markets are sliding. Chinaâs holding steady thanks to internal support. But buckle upâthis kind of uncertainty usually brings major volatility.