Treasury Secretary Scott Bessent declared that the Trump administration “won’t negotiate” with China in response to stock market volatility, but because “we are doing what is best economically for the U.S.” after the Wall Street Journal reported otherwise.
Speaking Wednesday morning at CNBC’s Invest in America Forum in Washington, D.C., Bessent pushed back on a Tuesday Journal report claiming that China “expects that the prospect of another market meltdown ultimately will force [President Donald Trump] to negotiate.”
Chinese President Xi Jinping is “betting that the U.S. economy can’t absorb a prolonged trade conflict” with his country, the…
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