Treasury sec. Import says China, USA, could make a big trading business

Treasury Typist Scott Bet On Wednesday it is said that “there is an opportunity for a big business” on trade between the US and China.

“If they want to balance, let’s do it together,” said the infant while appearing in Institute of International Trade and Finance In Washington, District Colombia

“This is an incredible opportunity. I think if Bridgewater founder Ray Galio To write something, he could call it a beautiful balance.

Dalio, April 13, told NBC News that is going through that president Donald Trump‘s rate And economic policy threatens the world economy, potentially “something worse than recession”.

Trump has imposed 145%in China. Shortly before the infant appeared on Wednesday, The Wall Street Journal It is reported that the Trump administration considered the possibility of reducing these tariffs to 50% to 65%, which will still be extremely high, relatively speaking.

In his address to IITF Bessent outlined what he called “the basis for the restoration of equilibrium to the world financial system and institutions intended for maintaining it”, in particular, the World Bank and the International Monetary Fund.

“The IMF and the World Bank have a strong value,” said the inflatory. “But Creep’s mission dropped these institutions.

He said that “the deliberate choice of policy by other countries has highlighted the production sector in America and undermined our critical supplies, at risk of our national and economic security.

“President Trump has taken tough measures to resolve these imbalances and the negative consequences that they have exerted on the Americans.

This status is not sustainable. This is not sustainable for the US, and ultimately it is not sustainable to other economies.

Impent called World Bank For lending to countries that have reached economic growth, including in China.

He suggested that the bank had stopped lending in China.

“The World Bank continues to lend to countries that meet the criteria to complete the World Bank borrowing,” said the infamous.

“There is no excuse for this permanent lending. This disables resources from higher priorities and fills the development of private markets. It also does not effort to move from dependence on the World Bank and to the rich growth of the private sector.”

The infant added: “Going forward, the bank must set the deadline for terms for countries that have long met the criteria of graduates. Chinese-second treatment is in the world-like” developing country “.

“Although it was at the expense of many Western markets, China’s growth was fast and impressive,” he said. “If China wants to play a role in the world economy, which corresponds to its actual meaning, then the country must complete the training, we welcome it.”

– CNBC Erin Dogerti They contributed to this story.

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