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Benzinga
Benzinga
Business
Vishaal Sanjay

Scott Bessent Has It 'Backwards,' Says Peter Schiff: China's Economy Will 'Boom' As It Trades Less With The US

Scott Bessent Peter Schiff China United States Economy Donald Trump Jim Cramer America Beijing
January,16,,2025,-,Washington,Dc:,The,Senate,Finance,Committee

Economist Peter Schiff pushed back against Treasury Secretary Scott Bessent’s comments on U.S.-China trade, saying that Beijing's decision to reduce its reliance on American markets will strengthen, not weaken, its economy.

Bessent ‘Has It Backwards’

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