This section sounds like what Trump tried and failed to get in his first term, and then had to settle for a disappointing purchase deal while kicking structural reforms to a Phase 2 that was never going to happen, and did not happen: PRC Minister of Finance Lan Fo’an will be in DC for part of this week to attend the World Bank meetings, so perhaps there could be a meeting, but if there is not that is probably another sign of no actual progress towards even discussions to talk about an off-ramp. Given the audience - representatives of some of the biggest capitalist organizations in the world - it is not a stretch to imagine Bessent’s comments will be seen by PRC policymakers as another sign that US resolve is weakening, especially on a day when the Wall Street Journal leads with this headline:
Author: Bill Bishop
Published at: 2025-04-22 22:32:52
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