Bessent Says Nations Must Protect Trade, Factory Jobs From China’s Export Push
JH Kim
Summary
- U.S. Treasury Secretary Scott Bessent said countries should protect their trade and manufacturing jobs in response to China’s export expansion.
- He said the export expansion of Chinese-made products is affecting not only the U.S. but also trade and manufacturing in other countries, underscoring the need for action at the national level.
- He said countries should protect their domestic industries and manufacturing jobs to mitigate the impact of China’s export expansion.
Forecast Trend Report by Period
U.S. Treasury Secretary Scott Bessent said countries should take steps to protect their trade and manufacturing jobs in response to China’s export expansion.
Walter Bloomberg reported on September 1 that Bessent said Chinese exports are affecting not only the U.S. but also trade and manufacturing in other countries, underscoring the need for action by individual nations.
He added that countries should protect their domestic industries and manufacturing jobs to soften the impact of rising exports of Chinese-made goods.
Bessent did not specify what measures countries should take or which industries should be targeted.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.