Bessent says that:
- We will see if Trump’s visit will take place as scheduled
- Markets should not assume any rescheduling is because of any conflict between the US and China
- We discussed a new tariffs regime in meeting with Chinese counterparts over the weekend
- We do not want to decouple but are doing a strategic change on trade relations
- Any delay to Trump’s visit would not be because of the Strait of Hormuz topic
- If the visit is rescheduled, it would be Trump’s decision to stay in the US amid the Iran war
More to come..
This article was written by Justin Low at investinglive.com.