geopolitics

U.S. Treasury Secretary Scott Bessent on Wednesday firmly rejected the idea that the United States should adjust its trade policy toward China based on market swings. Speaking at the Invest in America forum on CNBC, Bessent declared that Washington will not bow to stock market volatility, insisting that all trade decisions will be made solely on what makes economic sense for America.
“Our choices are guided by the interests of the United States — not by the S&P 500,” Bessent said.

Rejecting Chinese Pressure — and Calling Out the Media
Bessent’s remarks came in response to a Wall Street Journal article suggesting that Chinese President Xi Jlnping believes another major market downturn could force Donald Trump to the negotiating table.
According to the report, Beijing thinks the U.S. economy cannot withstand a prolonged trade confrontation. Bessent blasted the article as “terrible” and accused the paper of “echoing the Chinese Communist Party’s narrative.”
His comments came amid a period of heightened volatility, as investors reacted to news that Trump planned to raise tariffs on Chinese imports after Beijing announced new restrictions on the export of rare earth minerals — vital to chipmaking, EV batteries, and green technologies.

Trump’s View: A Strong Market Is a Result, Not a Goal
Bessent reminded audiences that President Trump values a strong stock market, but sees it as a byproduct of smart economic policy, not a political goal.

He cited rising investments in artificial intelligence as an example of how policy decisions can drive long-term growth across multiple sectors.
“The market reflects policy — it doesn’t dictate it,” Bessent emphasized.

A United Western Response to Beijing
The Treasury chief also revealed that the United States is preparing a coordinated response with global allies to China’s recent trade measures.

With finance ministers from around the world gathered in Washington this week for the IMF and World Bank Annual Meetings, Bessent said coordination is already underway.
“We’ll work with our European allies, with Australia, Canada, India, and the Asian democracies,” he stated.

His remarks suggest that the West is gearing up for a joint front against Beijing, similar to the unified response once used against Russia.
Rising tensions between Washington and Beijing have once again fueled investor fears of a full-blown trade war between the world’s two largest economies.

Tariffs Stay, but Negotiation Is on the Table
While maintaining a firm stance, Bessent acknowledged there is room for compromise. The administration is reportedly considering a longer suspension of tariffs if China agrees to lift its planned export limits on rare earth elements.
Since the start of the year, the two nations have implemented a series of 90-day tariff truces, temporarily halting duties as high as 145%. The latest truce expires in November — a pivotal moment for future talks.
“It’s possible we could extend the pause if China steps back,” Bessent told reporters in Washington. “Those discussions will unfold in the coming weeks.”
The Trump administration is pursuing a dual strategy — offering incentives if Beijing cooperates, but warning of harsh consequences if it doesn’t.

The Long-Awaited Trump–Xi Meeting
Despite Trump’s recent claim that there’s “no reason” to meet Xi Jlnping, Bessent hinted that a presidential summit is still in the works.

He said there’s a “very good chance” the two leaders could meet later this month in South Korea, and that he himself might travel to Asia beforehand to meet Chinese Vice Premier He Lifeng.
Bessent also expects new trade announcements during Trump’s Asia tour, which will include Malaysia, Japan, and South Korea, as part of the annual APEC leaders’ meetings.
“We’re close to finalizing a major investment deal with South Korea,” Bessent added. “Talks with Canada are back on track, and progress with India looks promising.”

Summary: America Holds the Line — China Loses the Rhythm
Bessent’s message was unmistakable — the United States won’t be pushed around by market swings or Beijing’s maneuvers. Washington remains firm, even amid global volatility, relying on its alliances and technological advantage.
If China backs down, a deal could emerge. If not, the world may soon face a new round of trade tensions — one that could once again reshape the global economic landscape.


#Bessent , #Fed , #china , #Geopolitics , #TRUMP

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U.S. Treasury Secretary Scott Bessent has accused China of deliberately undermining the global economy by restricting exports of rare earth elements and critical minerals — a move he says exposes “a desperate attempt by a struggling nation to drag others down with it.”
Bessent’s warning comes just weeks before the highly anticipated meeting between Donald Trump and Xi Jlnping at the Asia-Pacific summit in South Korea — a meeting that could shape the future of global trade.

Beijing Using the Economy as a Weapon
Bessent claims that China is weaponizing export bans to pressure other nations. As the world’s largest supplier of rare earth elements — vital for electronics, EVs, and green tech — Beijing’s restrictions threaten to destabilize global supply chains.
“This isn’t a show of strength,” Bessent said. “It’s a confession of weakness. Instead of fixing its problems at home, China is exporting its crisis to the rest of the world.”
Analysts say China’s economy is under serious strain: growth has stalled, the property sector is collapsing, and business confidence is fading. Rather than addressing these issues, Beijing is using export controls to gain leverage — but this only fuels mistrust and accelerates the global shift away from Chinese manufacturing.

Washington Prepares to Strike Back
The U.S. is preparing countermeasures to weaken China’s tech sector. One proposal would require American companies exporting software to China to obtain special licenses — a move that could cripple Chinese AI startups and chipmakers.
Sources close to the White House say Beijing’s timing — just weeks before the summit — was meant to demonstrate that it could “choke” key global industries. However, the move has backfired.
“You don’t draft export restrictions like this in two weeks,” said one U.S. official. “This plan was months in the making — and it’s born out of weakness, not strength.”

Trump: “If China Wants to Sabotage the World, We’ll Respond”
President Donald Trump responded bluntly, accusing Beijing of trying to sabotage the global economy. He warned that the U.S. “will not sit idly by.” Within hours of his remarks, Chinese officials reportedly reached out to Washington to resume talks — a sign that public pressure had forced a shift in tone.

Inside China’s Internal Struggles
According to Bessent, China’s leadership is divided and consumed by internal power struggles, leading to erratic decision-making. Competing factions within the Communist Party are fighting for control of economic policy, leaving Beijing unable to send clear signals to the world.
“China isn’t confident — it’s nervous. And that’s dangerous,” Bessent warned. “Our goal is to keep communication open — but we’re also preparing to defend our interests.”

The World on the Edge of a Trade Storm
Bessent’s remarks come as the global economy faces rising inflation, volatile energy prices, and growing market uncertainty. If tensions between Washington and Beijing continue to escalate, the world could enter a new phase of trade warfare — one driven not by tariffs, but by control over resources and technology.


#china , #globaleconomy , #TRUMP , #Geopolitics , #worldnews

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China has responded strongly to U.S President Donald Trump’s new 100% tariff threat on Chinese goods, saying it does not want a tariff war but isn’t afraid of one.

The Chinese Commerce Ministry urged the the U.S. to resolve issues through dialogue instead of confrontation. Tensions have been rising as China introduced export controls on rare earth minerals, key materials for global tech and defense industries.

Beijing warned that if the U.S continues with hardline policies, it will take firm countermeasures to protect its economy. Analysts fear the dispute could disrupt global supply chains and strain international relations even further. #Geopolitics #TrumpTariffs #china