Sec. Bessent: ‘What I Am Certain of Is that What China Is Doing Will Affect Their Economy Much More than It Will Ours’

BESSENT As I said ░░░░░░░░ ve given 90 days ░░░░░░░░ the only certainty we ░░░░░░░░ provide is that the ░░░░░░░░ S is going to ░░░░░░░░ in good faith And ░░░░░░░░ assume that our allies ░░░░░░░░ too And in terms ░░░░░░░░ certainty we will see ░░░░░░░░ China does But what ░░░░░░░░ am certain of what ░░░░░░░░ m certain of is ░░░░░░░░ what China is doing ░░░░░░░░ affect their economy much ░░░░░░░░ than it will ours ░░░░░░░░ they have an export ░░░░░░░░ flood the world with ░░░░░░░░ export models and the ░░░░░░░░ of the world now ░░░░░░░░ because when we put ░░░░░░░░ our tariff wall those ░░░░░░░░ were already flowing to ░░░░░░░░ rest of the G7 ░░░░░░░░ to the Global South ░░░░░░░░ Mr Secretary how much ░░░░░░░░ this decision was driven ░░░░░░░░ the bond market cratering ░░░░░░░░ What is happening China ░░░░░░░░ their bonds BESSENT I ░░░░░░░░ nothing that says that ░░░░░░░░ we actually had quite ░░░░░░░░ good 10 year auction ░░░░░░░░ And all this was ░░░░░░░░ this was driven by ░░░░░░░░ president s strategy He ░░░░░░░░ I had a long ░░░░░░░░ on Sunday and this ░░░░░░░░ his strategy all along ░░░░░░░░ that you know you ░░░░░░░░ even say that he ░░░░░░░░ China into a bad ░░░░░░░░ They responded They have ░░░░░░░░ themselves to the world ░░░░░░░░ be the bad actors ░░░░░░░░ we are willing to ░░░░░░░░ with our allies and ░░░░░░░░ our trading partners who ░░░░░░░░ not retaliate It wasn ░░░░░░░░ a hard message Don ░░░░░░░░ retaliate Things will turn ░░░░░░░░ well.”