⚯ Michel de Cryptadamus ⚯
@cryptadamist@universeodon.com  ·  activity timestamp 6 days ago
Trump administration will set price floors across range of industries to combat China, Bessent says Published Wed, Oct 15 20259:26 AM EDT Updated Wed, Oct 15 20252:03 PM EDT Spencer Kimball @spencekimball Key Points The U.S. has to use industrial policy to compete against nonmarket economies like China, Treasury Secretary Scott Bessent told CNBC. The Trump administration will set price floors across a range of strategic industries to combat Beijing, Bessent said. The administration could take equity stakes in more companies in the wake of China’s new restrictions on rare earth exports, he said
Trump administration will set price floors across range of industries to combat China, Bessent says Published Wed, Oct 15 20259:26 AM EDT Updated Wed, Oct 15 20252:03 PM EDT Spencer Kimball @spencekimball Key Points The U.S. has to use industrial policy to compete against nonmarket economies like China, Treasury Secretary Scott Bessent told CNBC. The Trump administration will set price floors across a range of strategic industries to combat Beijing, Bessent said. The administration could take equity stakes in more companies in the wake of China’s new restrictions on rare earth exports, he said
Trump administration will set price floors across range of industries to combat China, Bessent says Published Wed, Oct 15 20259:26 AM EDT Updated Wed, Oct 15 20252:03 PM EDT Spencer Kimball @spencekimball Key Points The U.S. has to use industrial policy to compete against nonmarket economies like China, Treasury Secretary Scott Bessent told CNBC. The Trump administration will set price floors across a range of strategic industries to combat Beijing, Bessent said. The administration could take equity stakes in more companies in the wake of China’s new restrictions on rare earth exports, he said
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