Treasury Secretary Scott Bessent dismissed the possibility that Chinese investments in the US could be part of any trade pact, comments that narrow the options for the two sides to resolve their running dispute.
When asked if China could make pledges worth billions of dollars like Japan, South Korea and the EU have as part of their trade agreements, Bessent said “my sense is no because a lot of the buyout or the funds from the buyout are going to go to critical industries that we need to reshore and a lot of those need to be reshored away from China.”
Whether the industry was semiconductors, rare-earth magnets, pharmaceuticals or steel, “my sense is that isn’t what will happen,” Bessent said in an interview with Fox Business on Tuesday in the US.
Today’s guests: Nannette Hechler-Fayd’Herbe, Lombard Odier EMEA CIO, Jane Foley, Rabobank FX Strategy Head, Tinatin Akhvlediani, Centre for European Policy Studies Research Fellow.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:31 – Bessent Dismisses China Investing in US as Part of a Trade Deal
00:09:30 – Nannette Hechler-Fayd’Herbe, Lombard Odier EMEA CIO
00:14:05 – Data Center Acquisitions at Forefront of CoreWeave
00:20:08 – Jane Foley, Rabobank FX Strategy Head
00:23:23 – Zelenskiy: Ukraine Won’t Give up Donbas
00:26:11 – Nicolai Tangen, Norges Bank Investment Management CEO
00:29:58 – Rubio: Trump-Putin Summit is ‘Feel-Out Meeting’
00:32:49 – Zelenskiy to Travel to Berlin for US Phone Talks
00:33:06 – Tinatin Akhvlediani, Centre for European Policy Studies Research Fellow
00:38:57 – Next Big Energy Trade is Mega-Batteries
00:42:32 – CoreWeave Rally Falters Amid Rapid AI Expansion
——–
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