Treasury Secretary Bessent says ‘Everything is on the table’, he can remove Chinese stocks from US stock exchanges
As the war between China and the United States intensifies Secretary Scott Bessent said Chinese companies are thinking of removing them from American stock exchanges.
According to Bessent, the Chinese decision to examine the stocks will ultimately lie with Trump. HE in question– “This will be Trump’s decision.”
Bessent’s views come at a time when the Global Trade War worsened and the US progresses towards more protective economic policies. US President Donald Trump increased the total tax on the goods coming from China to 104% on Wednesday, and the XI government increased the tariffs in the United States to 84%.
In addition, the US partners who want to work with the US told China to re -balance.
Bessent also said Chinese Not being able to devote the currency to obtain a trade advantage. He said, “China should not try to devote ways of exit.”
Instead, he said that China should interact more clearly with the US and allies. “China must come to the table.” According to Bessi, diplomatic and economic negotiations may still play a role if China selects dialogue on retaliation.
China’s increase in trade is bad, a loss for them – Scott Bessent
As of March 2025, there were 286 Chinese companies listed In various US stock exchanges, with the united market value of $ 1.1 trillion. Since the beginning of 2024, this value increased by 250 billion dollars when it watched only 265 Chinese enterprises listed in the US markets with a market value of $ 848 billion.
Since January 2024, 48 Chinese companies have listed three US stock exchanges and collected $ 2.1 billion in total first public offers.
Composite in question– “They can raise their tariffs, but what happened?” According to him, it is a shame that China does not want to negotiate. He added that the Chinese were the worst criminals in the international trade system. “All options are on the table.”
BESSENT says that the US Treasury will take a stronger role in the bank regulation
Scott Bessent in question The department is more involved in the regulation of banks to ensure that the costs and benefits can be better balanced and that lenders can help the US economy grow. In the past, he said that bank editors have a lot of power in almost every part of daily life. However, they were not really responsible for the American people.
In the most obvious way, the arrangement through control was very often behind a veil of privacy. This made it impossible for the public and the officials they chosen to look closely.
For this reason, the Treasury’s Ministry of Treasury wants to change the control culture by improving the exam procedures, following more closely how well the investigations follow these procedures, and facilitating people to object to supervising decisions.
Bessent said. “Perhaps the most ultimately step will be to define the ‘insecure and non -intact’ rule using more objective measures arising from financial risk.”
In the statements prepared for the American Banning Association conference, Bessent called on “discreet principles” in order to facilitate business in banking laws for community banks who have to deal with the rules made for larger banks.
"The Ministry of Treasury plans to play a greater role in financial regulation," Bessi tells @Ababankers.
"FSOC is a potential forum. The president’s financial markets working group is another option."
Icymi, mine and @RachelwitkowskiStory: https://t.co/jxgilrzptc
– Eleanor Mueller (@eleanor_mueller) 9 April 2025
Bessent said the financial stability surveillance council, which consists of federal reserves and presidents of other bank officials and regularly meets, will allow the Treasury to be more involved in how the bank rules are made.
Besides that, Minister Working Group in Capital Markets. It is a smaller group that looks at financial tendencies and encounters during financial disasters. One more way for the Treasury to do this is to work with individual authorities such as the Federal Deposit Insurance Company or the Currency Supervisor Office.
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