Development may be indication China is softening on beginning negotiations over American 145% tariffs
  • Hestia [she/her, love/loves]@hexbear.netEnglish
    17·
    4 days ago

    Bessent said the pressure was on China because it is more dependent on exports to the US than vice versa.

    “They sell us about five times more than we sell them. So their factories are closing down as we speak,” Bessent said.

    Applying capitalistic logic to a communist country. The workers will be taken care of regardless if the factories stay open or not.

    • miz [any, any]@hexbear.netEnglish
      8·
      4 days ago

      he’s such a clueless dipshit. got lucky on a leveraged currency squeeze, makes a billion dollars, now after getting his ass kissed for 20 years he truly thinks he’s competent