Bessent States It’s “Up to China” to Ease Tensions in Escalating Trade War
Top economic strategist and former hedge fund executive, Mary Bessent, has stated that the responsibility to deescalate the ongoing trade war between the United States and China now lies firmly with Beijing. Speaking during a high-profile economic forum on Monday, Bessent emphasized that while the U.S. has remained open to dialogue, China must take concrete steps to ease mounting tensions.
“The ball is in China’s court,” Bessent said during her address. “The U.S. has laid out clear expectations regarding fair trade practices, intellectual property rights, and market access. If China is serious about stabilizing the global economic environment, it needs to act.”
Bessent’s comments come amid a period of heightened strain between the world’s two largest economies. Tariff hikes, export restrictions, and regulatory crackdowns have significantly disrupted global trade flows, raising concerns among investors and businesses worldwide. The ongoing conflict has also fueled volatility in global markets, with industries such as technology, agriculture, and manufacturing bearing the brunt.
While U.S. officials have indicated a willingness to engage in renewed talks, they have also stressed that any future negotiations must lead to tangible, enforceable agreements rather than temporary concessions. Bessent echoed this sentiment, warning that continued inaction could lead to further economic fragmentation and long-term damage to both economies.
Chinese officials, meanwhile, have urged for a “balanced approach” but have yet to offer substantial compromises that would address key American demands. Analysts note that with elections approaching in both countries, political pressure is mounting to deliver strong outcomes without appearing weak on the global stage.
Global financial institutions have also weighed in, cautioning that a prolonged trade standoff could shave percentage points off global GDP growth over the next several years if left unresolved.
As diplomatic maneuvering continues behind the scenes, Bessent’s message was clear: real progress will require bold moves from Beijing, not just rhetoric.
Source : Swifteradio.com
