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Zero-sum game mentality not conducive to transforming consensus into fair deal

22 0
yesterday

Compared with the prudence with which China has dealt with the outcome of the first meeting of the Sino-US economic and trade consultation mechanism in London, the response of some in the United States can only be described as injudicious.

US Treasury Secretary Scott Bessent’s China-bashing performance in a Congress hearing on the US administration’s trade policy on Wednesday was both imprudent and misleading.

Just hours after he returned from the meeting in the United Kingdom, the head of the US negotiation team in both Geneva and London criticized Beijing for what he claimed were “aggressive” export policies. He urged China to be a more reliable partner and depicted its economic structure as hurting not only the US but the entire world.

“China currently has the most unbalanced economy in the history of the world,” Bessent told the House Ways and Means Committee. “They cannot be allowed to export their way back to prosperity, not only for working Americans but........

© The Frontier Post (Editorial)