Treasury secretary says plan is not for 'America alone,' but reiterates focus on trade deficits

Treasury Secretary Scott Bessent said Wednesday that while the Trump administration was committed to playing an active role in global financial institutions, it remained focused on addressing large trade imbalances — especially with China, whose economic model Bessent called “unsustainable.”

Apr 23, 2025 - 19:00
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Treasury secretary says plan is not for 'America alone,' but reiterates focus on trade deficits
Treasury Secretary Scott Bessent said Wednesday that while the Trump administration was committed to playing an active role in global financial institutions, it remained focused on addressing large trade imbalances — especially with China, whose economic model Bessent called “unsustainable.”

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