Trump administration to set price floors to combat China's market manipulation

The Trump administration will implement price floors across various industries to address market manipulation by China, according to Treasury Secretary Scott Bessent. This decision aims to counteract perceived economic tactics employed by the Chinese government that may distort fair market practices.

This initiative comes amid ongoing tensions between the United States and China regarding trade and economic policies. The administration"s focus on establishing price floors is part of a broader strategy to ensure market stability and protect American industries from unfair competition.

For further context on the administration"s stance towards China, previous reports have highlighted accusations against China for engaging in economically hostile acts, including not purchasing U.S. soybeans.

The announcement reflects the administration"s commitment to addressing issues related to international trade and market fairness.

Image for Trump administration to set price floors to combat China"s market manipulation