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Bessent Pushes Tariffs to De-Risk from China | Lafayette Louisiana News
Treasury Secretary Scott Bessent is urging G20 nations to revive tariff strategies reminiscent of the Trump era, arguing they’re vital to shield U.S. jobs and manufacturing from offshoring pressures—especially as China’s $1.2 trillion trade surplus in 2025 looms large. While past U.S. tariffs drew criticism for raising consumer costs and straining alliances, new proposals target a 7.5% Chinese import tax over industrial overcapacity and forced labor concerns. Bessent also pushes for global “de-risking” from China, even as he notes shared interests on Iran and freedom of navigation. Meanwhile…
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