Treasury Ministry. Pesint says that China can make the United States with a large commercial deal

Cabinet secretary Scott Al -Rahman On Wednesday, he said, “There is an opportunity to obtain a big deal here” on commercial issues between the United States and China.

Pesin said during his appearance on his appearance in Institute of Trade and International Finance In Washington, DC

“This is an incredible opportunity. I think if Bridge founder Ray Galio It was to write something, he could call it a beautiful re -balance.

Dalio told, on April 13, NBC News Donald Trump‘s tariff The economic policies of the global economy will threaten, and perhaps to the extent of “worse than stagnation”.

Trump has imposed a very high tariff on China, from 145 %. Shortly before, Bessent spoke on Wednesday, Wall Street Magazine I mentioned that the Trump administration was considering reducing these definitions between 50 % and 65 %, which is still very high, relatively.

Bessent, in his speech to IITF, defined what he called “a plan to restore the balance of the global financial system and institutions designed to support it”, specifically the World Bank Fund and the International Monetary Fund.

“The International Monetary Fund and the World Bank have a permanent value,” Pesin said. “But Mission Creep has removed these institutions outside the path. We must enact major reforms to ensure that Bretton Woods serve the stakeholders – not the other way around.”

He said, “The deliberate policy choices by other countries have led to the cavity of the manufacturing sector in America and undermined our critical supply chains, which endangers our national and economic security at risk.

“President Trump has taken strong measures to address these imbalances and the negative effects he caused to the Americans.

This current situation is a big and continuous imbalance. It is not sustainable for the United States, and in the end, it is not sustainable for other economies.

Bessin called World Bank To lend to countries with advanced economic growth, including China.

He suggested that the bank stops lending to China.

“The World Bank continues to lend every year to countries that have fulfilled graduation standards from borrowing from the World Bank,” Pesin said.

“There is no justification for this continuous lending. It comes out of resources from the higher priorities and gathering on developing private markets. It also disturbs the efforts of countries to stay away from relying on the World Bank and a rich in job, and is led by the private sector.”

Bessent added: “Moving forward, the bank must set time schedules for the company for the countries that have long been fulfilled by graduation standards. China-the second largest economy in the world-as a“ developing country ”is ridiculous.

“While it was at the expense of many western markets, China’s height was fast and impressive,” he said. “If China wants to play a role in the global economy in proportion to its actual importance, then the country needs graduation, then we welcome this.”

CNBC Irene Duhri Contribute to this story.

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