BCBoy911@lemmy.ca to

News@lemmy.world · 3 days ago

Trump administration will set price floors across range of industries to combat China, Bessent says

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Trump administration will set price floors across range of industries to combat China, Bessent says

BCBoy911@lemmy.ca to

News@lemmy.world · 3 days ago

China has driven foreign competitors out of business over the past two decades by using its market dominance to slash prices, Treasury Secretary Scott Bessent said.

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IWW4@lemmy.zip
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3 days ago
I guess the logic is that China is selling things very cheaply so this discourages others from selling a thing.

So the price floor requires companies to pay a certain amount for a thing, or does the US subsidize the seller?
- redsand@lemmy.dbzer0.com
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  3 days ago
  Doesn’t matter to Bessent. He made 190M USD shorting bitcoin in a day.

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