Trump Administration Price Floor Strategy: Combating China’s Market Manipulation
The Trump administration will implement price floors across various industries to combat China’s market manipulation tactics. Treasury Secretary Scott Bessent revealed this industrial policy approach during an exclusive CNBC interview, emphasizing the need for vigilance against non-market economies.
In a significant policy announcement, Treasury Secretary Scott Bessent has revealed the Trump administration’s plan to implement price floors across multiple industries as a strategic response to China’s market manipulation practices. The announcement came during an exclusive CNBC interview at the “Invest in America forum” in Washington, D.C., where Bessent outlined the administration’s approach to protecting American industries from what he described as China’s systematic efforts to undermine global competitors.