Treasury Secretary Bessent signals US advantage in tariff battle as China's economy crumbles
1. U.S. Treasury Secretary reports poor GDP numbers from China indicate economic slowdown. 2. China's economy could lose 5-10 million jobs due to current trade situation. 3. High tariffs between the U.S. and China are unsustainable per Bessent's assessment. 4. Potential trade deal could benefit U.S. manufacturing exports and stabilize relationships. 5. China's dependency on the U.S. market makes tariff negotiations crucial.