“The persistent over-reliance on the United States for demand,” he said, “is resulting in an evermore unbalanced global economy.” Left unchecked, these imbalances make the global system weaker and more vulnerable. While critics in the press fret about a lack of engagement, Bessent made it clear that the relationship between Washington and Beijing remains strongest “at the top.” Trump is driving the strategy. It’s not tariffs that threaten global stability—it’s the refusal of surplus economies like China to reform a system that’s been unbalanced for decades.
Author: John Carney, John Carney
Published at: 2025-04-23 22:35:33
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