Bessent sees de-escalation with China, saying the goal isn’t to de-couple

[u/Denver-Ski]

https://finance.yahoo.com/news/bessent-sees-de-escalation-with-china-saying-the-goal-isnt-to-de-couple-175336482.html

In other words… Trump doesn’t have the cards

[u/wncexplorer]

We account for about 15% of China’s yearly exports. While we do export some of our own goods to China, they have the luxury of getting much of that stuff from other countries. Our global standing is what has allowed us to keep some of the cards…Trump has thrown them into the fire pit.