US just dunno when or how to stop when it comes to punishing china on trade.

Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender​

By Jim Edwards
October 14, 2025 at 6:18 AM EDT


Scott Bessent, U.S. Treasury secretary, during the Federal Reserve Board Community Bank Conference in Washington, D.C., on Oct. 9, 2025.
Eric Lee—Bloomberg/Getty Images

• Global stock markets fell after China banned certain U.S. shipping firms. Treasury Secretary Scott Bessent said: “If they want to slow down the global economy, they will be hurt the most.” Asian and European indexes all dropped on the news, and S&P 500 futures were in sharp decline prior to the bell in New York. The index itself dropped nearly 1% immediately after the open.

A broad-based selloff swept global stock markets this morning after U.S. Treasury Secretary Scott Bessent told the Financial Times that China “will be hurt the most” if it doesn’t submit to Washington’s trade demands. At the same time, China showed no signs of backing down from President Trump’s trade war: It imposed sanctions banning Chinese companies from doing business with the U.S. subsidiaries of South Korean shipbuilder Hanwha Ocean. South Korea’s KOSPI fell 0.63% on the news.

Another trade embargo imposed on China by the USA?
China is ready.

China has revealed its stance and is waiting for the US to proceed with decoupling, so Bessent still don't like to see China to be hurt the most?

ftan42 said:

China has revealed its stance and is waiting for the US to proceed with decoupling or chicken out?

Click to expand...

TACO

ftan42 said:

China has revealed its stance and is waiting for the US to proceed with decoupling, so Bessent still don't like to see China to be hurt the most?

Click to expand...

The ones who are getting hurt the most are company employees who get retrenched

I am hoping for more layoffs of Sinkies. Elections have consequences.

uniboi said:

The ones who are getting hurt the most are company employees who get retrenched

Click to expand...

US started this.
In china, best selling EV is "Wuling".partly owned by GM.

A Singaporean said:

I am hoping for more layoffs of Sinkies. Elections have consequences.

Click to expand...

More layoff of Sinkies and what will happen next? Since they vote 65%

syed putra said:

US started this.
In china, best selling EV is "Wuling".partly owned by GM.

Click to expand...

No wonder Chinese made EV cars are so advanced