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Scott Bessent LIVE: Slams IMF & World Bank | Signals Trade War De-escalation With China | US Markets
Posted
April 23, 2025
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296
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April 23, 2025
296
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19:46:59Now PlayingWatch LIVE as Treasury Secretary Scott Bessent addresses the IIF Global Outlook Forum, signaling potential de-escalation in the US-China trade war while criticizing international financial institutions. Bessent revealed an “incredible opportunity for a big deal” with China if they commit to reducing export dependence, calling the current situation “unsustainable.” Markets surged over 3% on his comments. The Treasury Secretary slammed the IMF and World Bank for “mission creep,” urging them to refocus on core economic missions rather than “climate change, gender, and social issues.” Bessent confirmed that over 100 countries have approached the US since Trump’s April tariff announcement, responding positively to trade rebalancing efforts. Despite criticism, he emphasized the administration seeks to expand US leadership in these institutions rather than retreat from them.
#ScottBessent #TrumpTariffs #China #IMFReform #WorldBank #TrumpEconomics #TradeWar #USStockMarket #USNews
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