Treasury Secretary Scott Bessent blasted China's retaliatory tariff play as a "loser" move on Wednesday, telling FOX Business that the proportionality in the country's ongoing trade war with the U.S. is much worse on their end.
"It's unfortunate that the Chinese don't want to come and negotiate… they have the most imbalanced economy in the history of the modern world, and I can tell you that this escalation is a loser for them…" he said on "Mornings with Maria."
"They are the surplus country," he continued.
"Their exports to the U.S. are five times our exports to China. They can raise their tariffs, but so what?"
