US Treasury Secretary Bessent, on un-tariffing Chinese trade, says the idea is to start with USD 30bln
Newsquawk Staff ·
US Treasury Secretary Bessent, on un-tariffing Chinese trade, says the idea is to start with USD 30bln.
What it means
The comments from Treasury Secretary Bessent regarding the potential un-tariffing of Chinese trade suggest a significant shift in trade policy, beginning with a proposed $30 billion. This move could lead to increased trade between the U.S. and China, impacting global supply chains and potentially strengthening the Yuan against the USD. Markets may react by recalibrating their expectations regarding trade tensions, which could affect currencies and commodity prices, particularly gold.
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