JUST IN: 🇺🇸🇨🇳 Treasury Secretary Bessent says US wants China to rebalance its economy towards more consumption.
The U.S. has been down this road before—Biden’s team spent years begging China to boost domestic demand while their subsidies flooded global markets with cheap EVs and solar panels. Now, Trump’s tariffs are forcing Beijing to confront its structural imbalances: 39% consumption-to-GDP vs. America’s 68%.
The real issue isn’t polite requests—it’s leverage. By slapping 125% tariffs on strategic sectors, we’re not just blocking dumped goods; we’re dismantling China’s export-at-all-costs model that gutted U.S. manufacturing.
If they want access, they’ll rebalance—or watch their industrial overcapacity collapse under its own weight.