Global Markets React to China’s Economic Challenges and US-China Trade Talks
TL;DR Summary
U.S. Treasury Secretary Scott Bessent accused China of trying to weaken the global economy by restricting exports of key resources, which could harm both China and the global market, amid rising tensions and upcoming US-China talks.
- Bessent tells the FT that struggling China wants 'to pull everybody else down with them' CNBC
- Global stock markets tumble as Beijing imposes new ban on U.S. shipping Fortune
- Trump on track to meet Xi in South Korea, Bessent says Reuters
- Bessent says US in talks with China to prevent new trade war Politico
- UK economy at risk of ‘bumpy landing’; JP Morgan’s Dimon warns of ‘more cockroaches’ after collapse of First Brands and Tricolor – as it happened The Guardian
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