US Treasury Secretary Bessent is speaking in a Senate Appropriations subcommittee hearing
- Says countries negotiating in good faith could see trade deadlines rolled forward
- We are looking to insert fairness into China trade relationship
- China trade fairness could come thru reduced exports to U.S., or through a rebalancing of world’s two largest economies
On other matters:
- Says stablecoin legislation backed by U.S. Treasuries will expand US dollar usage
- Trump Administration is committed to keeping dollar’s reserve currency status
This article was written by Eamonn Sheridan at www.forexlive.com.
