China’s Market Myth and Bessent’s Economic Shift

The idea that China can pivot to the EU to avoid U.S. tariffs, noting the EU’s own tariffs and China’s reliance on American markets. It highlights Scott Bessent’s rejection of the old debt-heavy system, focusing instead on aiding the 50% of Americans in debt. With the top 10% owning 88% of equity and the next 40% holding 12%, Bessent aims to rebalance the economy for the struggling majority.

They want you to believe that China is going to go to the EU and try to do something there. The EU has tariffs on China, it is not a simple back door for China. China has to have the American market.
Bessent could have come in and continued to gain debt and issue government jobs but the old system was not working.
The top 10% own 88% of the equity in this country. 40% own 12% of equity in this country. 50% of the county has debt. Bessent is working to give relief to the 50%.