According to the Nikkei Chinese website, after President Trump's tariff parity measures officially took effect last Thursday (August 7), Besant received an exclusive interview with Nihon Keizai Shimbun at the US Treasury Department that day.
Bessent said, "China is the most unbalanced economy in modern world history. We believe that the selling prices of many Chinese products are lower than the production costs. China's manufacturing industry benefits greatly from the government and is essentially a policy of creating employment opportunities. The Chinese economy is fundamentally different from Western countries and Asian democratic countries
He looked back at history and said that in the past, the United States had competitors such as its allies in the economy and the Soviet Union in the military. China is a new entity that is both the biggest competitor in terms of economy and the biggest competitor in terms of military. China, which is not a market economy, has different goals from us. We are committed to solving very difficult problems
Besent also said that if he were a relevant department from Japan or South Korea, he may be concerned about China's increased production capacity during the COVID-19 crisis, which is moving upstream in the value chain.
Beisen stated in June this year that whether to become a reliable global partner depends on China's choice, and reiterated that China needs to shift towards a consumer led economy to help alleviate global imbalances.
During an interview with CNBC on July 31st, Besant stated that the United States has the conditions to reach a trade agreement with China, but negotiations are "not yet 100% complete".
He told CNBC that in the latest round of trade negotiations with China in Stockholm, US negotiators "argued with reason.

According to the Nikkei Chinese website, after President Trump's tariff parity measures officially took effect last Thursday (August 7), Besant received an exclusive interview with Nihon Keizai Shimbun at the US Treasury Department that day.
Bessent said, "China is the most unbalanced economy in modern world history. We believe that the selling prices of many Chinese products are lower than the production costs. China's manufacturing industry benefits greatly from the government and is essentially a policy of creating employment opportunities. The Chinese economy is fundamentally different from Western countries and Asian democratic countries
He looked back at history and said that in the past, the United States had competitors such as its allies in the economy and the Soviet Union in the military. China is a new entity that is both the biggest competitor in terms of economy and the biggest competitor in terms of military. China, which is not a market economy, has different goals from us. We are committed to solving very difficult problems
Besent also said that if he were a relevant department from Japan or South Korea, he may be concerned about China's increased production capacity during the COVID-19 crisis, which is moving upstream in the value chain.
Beisen stated in June this year that whether to become a reliable global partner depends on China's choice, and reiterated that China needs to shift towards a consumer led economy to help alleviate global imbalances.
During an interview with CNBC on July 31st, Besant stated that the United States has the conditions to reach a trade agreement with China, but negotiations are "not yet 100% complete".
He told CNBC that in the latest round of trade negotiations with China in Stockholm, US negotiators "argued with reason.