Bessent on China: "They have the potential for a big consumer economy. President Trump is remaking the US into a manufacturing economy. If we can do that together -- we do more manufacturing, they do more consumption -- that would be a home run for the global economy."
These delusions are the very, very least of all worries anyone should have regarding 'Murica.
Who would want to invest in manufacturing in a country that is abducting foreigners AND citizens and building concentration camps to house them?
China has long done variations of this within its borders with its own citizens, most notably recently in Hong Kong, with the Uyghurs, and outside of its borders, with the Tibetans.
Because the labor will be cheap.
Bingo. Trump will “lend out” those prisoners for labor. History repeats.
Slave labor. They love the idea. Bunch of sickos.
Why on earth would other nations, that already have the plants & skilled workforce manufacturing products TODAY, buy the same goods they already make from the US whenever we finally get around to becoming a “manufacture Econ” in 5-15y? 🤦♀️ Absolutely bonkers level of stupidity
Yeah I’m sure Xi will just order factories shut down, putting millions out of work, AND order those same people to buy lots more American goods, just because Trump wants that. What a fucking idiot. These dumbasses have no clue how anything works.
There's been no remaking. There doesn't seem to be any in the near future either. youtu.be/XT0wpT_62OM
Except that China can and always will be able to manufacture cheaper than we can, so there’s no incentive for them to buy from the U.S. and not domestically.
Tell us you don't fully understand China's Five Year Plan.
How to say you have no idea about foreign economies without actually saying it.
How does he keep a straight face when he says that?
Here on Earth? Or is Bessent talking about what might be possible in magical places like “Narnia” or “Ho-Na-Le”?
Deep cut right there
If we manufacture wind turbines, solar panels, and EV batteries, China might buy them, but Trump nixed that idea. So we are alone in living on dirty oil and gas. What will China buy from us that they can't get from other countries or make themselves? We're missing the boat under our dear leader.
Don't forget coal. Trump calls it "Clean Coal". What an idiot.
The rest of the world is so sick of your shit. I will never buy American again and I will never come back. We can’t trust what you will do next and whether any deals that are done will be followed. Trump says we are nasty because we have stopped travelling to the US. lol
We aren't manufacturing shit. Don't be stupid.
Bessent sounds worse than I expected....but shouldn't surprise me since he signed on to this administration....only idiots would work for Trump.
EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN EPSTEIN 🐖PIGS!🐖
Insult for actual pigs.
Yes!! No animal is like Trump. Not pigs not even cockroaches.
The Monkees?
Bingo!
Nice visual
Thanks! It's a carbon copy
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 or this
Would someone please tell Bessent there are medications that can help with his delusions. There is no shame in seeking help.
"Treating friends and foes alike like shit, alienating leaders of every country and impulsively changing the threats every 5 minutes will be a win-win for everybody."
Who is lining up to work in factories?
🐴💩
Why are we letting corporations off the hook? People aren't sneaking over the border to take manufacturing jobs away. We didn't lose jobs to aggressive countries. We lost manufacturing jobs because corporations wanted cheaper labor and we wanted cheaper goods. Sending these jobs overseas did both.
The funny thing is reality is never a part of the MAGA truth. Under Biden manufacturing in America was growing faster then other presidents in decades. He brought more manufacturing jobs to America than anyone had in decades. But MAGAts don't like hearing that truth.
What world do these people inhabit? Constantly lying about data, that everyone sees and understands.
These MF’s can’t even explain their own BS away anymore.
Pipe dreams
Resource extraction, manufacturing, transportation, services, information technology. This dipshit is stuck in the 18th century.
He wants the US to turn into China? Working in sweat shops and mass factories, 16 hours a day, 7 days a week. And every year with New Year 3 days off.
And nets around the factory roofs so workers can't leap to their deaths out of desperation. WINNING!
Indeed. Jumping off roofs is bad for Trump's production economy.
Except, they already make everything they need. And everything WE need too!
Durr durr durr de durr durr
Let's see if I understand correctly. China already makes all of the crap. Now, the US will start making all of the crap, and China will buy it from us.
China has invested over a trillion dollars in its China Belt and Road initiative to secure world trade dominance, just to give up and let the US take over in manufacturing and shipping??
Anyone foolish enough to believe this or even want to adopt this vision for the US (all of the MAGAloonies, in other words) understands neither China, nor Trump.
Sounds like America Last
I’m pretty sure China is not going to fall for their nonsense.
I sure wish that I was still a young guy. I can't imagine anything more rewarding than putting little screws into little holes on a smartphone for 12 hours a day. It would boost my feelings of self-worth immeasurably.
So let me think this through, we are going to sell high-priced US-manufactured goods into China?
Why is it everytime I see him or slutnik I want to get in the cage and take batting practice? Anyone?
Sure honey, because the US will be the only country manufacturing for Chinese people. STFU.
These people are dumba$$es.
...in 1990...
Look at that vacant lead-stare. Is there nobody in his state who can replace this shit-eating boot licker? I just do not understand how someone who I wouldn’t trust to pump my gas ends up in Congress.
U.S. massively wealthy, has diverse economy that withstand global impacts like Trump pandemic; precisely because we don’t put eggs into 1 basket. Industries come & go, manufacturing towns fail because they don’t invest in future. People were stubborn, failed to educate. Republicans destroying USA
Me, learning at high school: manufacturing economies are developing countries economies. As soon as their economies grows it develops into a services/IT (etc) economy. So the US is gonna do a backward flip economy?
They will do anything to go back to the time when women and poc were less than they are now.
why not invest in education and power source of the future but Trump wants to take the US back to the manufacturing pass of the 50's and 60's
Right. The US is going to do the manufacturing for China, despite our intentions of deporting 7,000 workers per day, and China is on board with that because Donald is so persuasive.
So... he's remaking it into a manufacturing economy by... *Checks notes* Driving all manufacturing out of America.
If we’re using baseball analogies, Trump’s going to foul out. Low paid Chinese aren’t going to be buying stuff from us they can make for a quarter of the cost themselves.
I actually feel sorry to Bessent, if he could do the job, the decisions his boss is making are like a wrecking ball to our economy.
So USA wants to be vintage China, but instead turns into North Korea
Manufacturing moved for the cost of production, That cost is coming down because??? Nope, another Trump fail, losers got to lose, same as liars lying..
Need more tiny hands for those tiny screws.
This is so fucking dumb, China closed its plants and imports shit from the USA for more money. Lose jobs and massive inflation, must think xi is a fucking moron
Is everyone in this administration so myopically challenged they can’t see the big picture? Of course the US population will gladly put screws into phones. Cheap labor is abundant here. It exists at the detention centers.
Trump, Bessent and Nutlick are following the Pol Pot playbook. Make America 17th Century Again.
Epstein! Never forget
Bessent is working on his tells, but they are still there.
he is full of it. Why do these people lie for Trump. Surely they know what they re saying is false
What a naiive ferrytail. America has already lost the trade war with China 6-0. America has no Western allies anymore, free democracies feel now betrayed. So good luck America. You will be alone.
Whole lotta ifs there, big guy. Is this gonna happen in the next two weeks or no?
Trump is remaking the US concentration camps into forced labor camps 🤷🏼
No it wont
Show us the receipts. Where are those factories? What are their products? Where is the willing, healthy & productive workforce? This sounds a whole lot like Marxism to me.
No one will ever consume more than the average American.
It’s gonna be great when it trickles down . . .
Oh you mean like what Build Back Better and the Chips acts were doing until you gutted them. We don’t need to make underwear and socks here we need to make semiconductors, turbines and solar panels for a sustainable future. Shortsighted assholes, every single one of them.
Really exciting watching these dorks reinvent Maoism. Send all of those cancer researchers and scientists to the fields and factories in the name of ideological purity!
😂😂 such a putz
Deserve a PutzLitter prize
So you want us to reverse roles with China and go back 100 years.
I don’t know what drugs Bessent is doing, but I want some
I don’t understand how he can start out 2 or 3 days a week in Fox. When does he actually do the real business of months long deal making ?
Fucking stupidity at it’s finest
Yah sure, Mr. Wax Figure 🤓
WTF would we want to trade places?
Average worker's annual wages: $58,000 (US), $16,000 (China). Chinese consumers will have a hard time paying for goods produced by US workers who earn 3.6x as much. The wage gap is closing, but it's going to be quite a while until parity is reached.
Ah, but Trump has a plan for that. He will collapse the US dollar by 2027.
Run by clankers. Humans first!
Bessent: what was his role? 🙄🤦🏼♂️
You buy almost everything you use from China What planet is this clown on ?
Are they for real???
I studied history af art at the university, that's maybe why I can't understand his logic.
Duh, that's why you can get KFC, McDonald's, and Tesla in Beijing! DJT needs to get his head out of his ass! China the lowest minimum wages too! (www.minimum-wage.org) Is that also part of DJT plan? Cancel minimum wages in U.S to compete w/ China in manufacturing?!
So they admit that we have a trade deficit because we are consumers and not manufacturers? And yet our economy had been the best in the world? Stupidest. Timeline. Ever.
I love how the American Dream has turned into working in a factory making products. It’s what every boy and girl dreams of, someday become a shift foreman at the iPhone factory.
that is not how the CCP works, they support consumerism of their citizens of their own industries not ours....
Bartiromo & Bessent: Tales from Right Wing Fever Fantasies!
Maybe I am missing something. If companies can increase China consumption, why would they want to then have to ship the stuff to them when they already make it there. Seems it would be more profitable just to do what they are doing.
So a rapist who has had numerous bankruptcies and is now making tons of money off the presidency is going to remake our economy and China’s? By the way, China is already a massive consumer economy while being a manufacturing economy too. America has been left behind, thanks to the GOP.
So... USA wants to become a more expensive China and China will buy all the manufactured products, that they already are making cheapest, and become USA???? Sorry, but NO 🤣🤣🤣🤣
Show us ONE manufacturing plant being built here as a result of this administration. Heck, even just a plan for one.
Notice Fox broadcasters' MO? Nod in agreement before the person being interviewed even gets 2 words into their answer.
"President Trump is remaking the US into a paedophiles paradise" #FIFY
Honestly, trump has no plan , just daily impulses, servicing bribes and trying to stay out of jail by any means necessary!
Hey, dumb
Were trading for the worse position for no reason at all
There are a lot of “ifs” in that statement.
Is he that stupid or that much of a liar? This is completely impossible.
"President Trump is remaking the US into a manufacturing economy." In every way except for jobs.
He’s manufacturing stories and bullshit everyday.
And manufacturing. 🙃
And sales...
And good U.S. business reputation/dependability (which for the entire planet's opinion currently remains at 0...)
All I’ve been hearing about is layoffs.
Well lets get Scotty and Maria on the manufacturing floors!
Bessent is talking about raising Chinese wages so they can consume more while lowering American wage so they can produce more.
Does this strike you as a trump boy toy and subservient idiot.
Strikes me as both subservient to Trump and also thinking he's playing Trump for some long term purpose.
A thief amongst thieves! Or to move up the mob ladder of criminals.
everything in their little mind world is about greed and consumption... there is no rest, no grace, no thought, no comfort, no spirituality, no breathing in and out, no art or beauty ... it's all gobble down the shit, buy buy buy... rqpe everything for the all mighty coinage.
"If we work our citizens to death on 12 hour shifts, 6 days a week, while paying shit wages, we can compete by making OUR Oligarchs richer than THEIR Oligarchs!" When do the Nuremberg Trials start for these asshats?
That would be sometime after a group of allied foreign nations conquer the U.S. & persuade the remaining govt to agree to an unconditional surrender. The Germans never would have conducted those trials themselves.
Lol 😂 Introducing slave labour in the US concentration camps would increase manufacturing in the country, but how would they make slaves in Chinese concentration camps to consume more? 🤔
This is mind-bogglingly stupid.
If the US becomes a manufacturing economy again, it will be with robots, engineers and automation. Unless there is a big revolution. Then we’ll need lots of hands on deck to build huts and wagons.
So....Make America China Again?
MACA...MAGA
Also, that chyron -- what does a "Pretty Hard" tariff deadline even mean?!
Watching Americans roll over for Trump with zero pushback is beyond upsetting. Americans concern for others extends only to posting about it online. Zero action. Shame on you all.
So, we sacrifice all of our advantages in education, research and development in all sciences, available health resources - we sacrifice all of that and more to pursue the ludicrous ideas of an old ignorant man who has no idea of what he is doing?
So the sweatshops move here to sell products over there? Stunning vision for the future Dear Leader.
Trumpism will exchange the world's leading science and research apparatus for sweatshops.
US GDP per person: $84k China GDP per person: $12k These people are morons.
Unless that's what they want - extremely cheap labor where people are always under their thumb as opposed to someone they have to listen to. Pissant doesn't care, he'll be dead and/or paid by the time it happens. These aren't smart guys, and things got out of hand.
Just imagine if Bessent had included India too (THAT LARGE MARKET!)
That's just one of the gains that can be reaped from electing a "very stable genius" as president.😬
no wonder MAGAts are idiots. They feed their brains this crap. #garbageingarbageout
All along I thought the threat was that China’s economy was going to rival the US. Now the US government is helping China to get there quicker? Is that what he’s saying? God help us because we can no longer help ourselves.
And who does he think is going to work for slave wages in these factories!! I believe we had tried this before and found we could not produce anything at reasonable prices you idiot!!!!
They want Pottersville plain and simple. Oligarchs controlling the poor.
If a such backwards thinking, the Chinese would kill to have services & consumer based economy yet we’re trying to go back in time & make everyone poorer. But someone has got to feed the oligarchy machine!
For the same amount as now the Americans buy Chinese clothing, later buy clothes in China, made in America (1$ per 10 kilos of clothing) Really 😂
Worked in Asia. There was a quote tossed around about how China looks like a great market but they always rig agreements in their favor and foreigners lose money. It was from a British diplomat’s report to the Crown in the early 1800’s. Bessent’s a fool, a liar, or both.
No, it would be a dribbling grounder rolling foul. The US is not going to return to a 1950’s manufacturing economy sans infrastructure, workers or unions. We’re a global services economy, which serves us well, until Trump kneecaps those industries.
😏✅✅✅✅
Part of me really wants to know if they actually believe these things or if it’s a convenient fiction that they sell to their base. The other part of me doesn’t care but sees where all of this is going.
He will make us work for free while he hordes all the money
I plan on canning some pears and see if I can trade them for fruit loops at Safeway too. Maybe build a trampoline in exchange for a winter jacket at the Big 5. 🙄.
So China in the United States of America reverse roles. Donald Trump is an idiot.
America was home to global economy until DJT stepped into office. How one person can destroy a booming economy, a strong dollar, and a free country, in less than 6 months is beyond me.
"We will transform the U.S. into a manufacturing powerhouse for making cheap consumer goods for the Middle Class in China!" - MAGA, deploying the "UNO reverse card" strategy of international economics.
Lordy, where to begin? China are happy being both manufacturer/consumer because they have the population/land mass/authoritarian govt to make it happen (make 2/3 poor - workers, 1/3 rich - consumers). It's an awful way to preserve the wealthy. China won't give an inch on their manufacturing sector.
As I’ve always suspected, they dream of returning USA to a poor, low skilled, no education factory worker economy
Why the fuck do they want the US to be a manufacturing economy? We very intentionally moved away from that. MAGA is truly the dumbest
The word "if" is doing a lot of heavy lifting there.
He’s tits on a bull: useless.
Mechaa as nic
Oh, you dimple minded little sychophant. Bless your heart.
China has a population of 9 billion people and a GDP of $19 trillion.
Just think, while China's children are attending university and building tomorrow's technology, they will be buying the cheap crap your children spend their lives toiling over. Truly, the American dream!
So they expect other nations to completely remake their economies, to suit the USA? Yes, this indeed is a strategy that will work.
Meanwhile, Russia is spreading "Country First" propaganda for other nations to cripple them. Which is happening in Japan right now. www.reuters.com/world/japane...
So he’s basically betting the U.S. future on China and America switching roles in the global economy. While at the same time kidnapping & deporting the undocumented work force. Yeah good luck with that.
Xi - ‘it’s OK, we’ll just have the consumption AND manufacturing.’
So tired of these 2 a-holes.
He looks like he's been embalmed.
By a manufacturing economy he means sweatshop.
It will only take twenty years to ramp up a manufacturing economy in the US.
Delusional ignoramus...
Holy stupid Batman!
They want the golden age of manufacturing, slave labor wages, and ultimate control by the rich.
people really believe this robot?
China is a big consumer. China leads the pack in affordable long range EVs, among other things. China cancelled a $2 Billion U.S. soybean buy. China’s media makes fun of Trump/Americans. They aren’t going to purchase from the U.S. The Trump admin can’t read the room. www.yahoo.com/news/china-t...
they live in trump’s fantasy
It's an episode of 'Fantasy Island" in real life (gosh I'm old to remember that TV show).
What could the US make cheaper and export to China, other than IT-service solutions, which is banned by the Chinese government...?
What a pile of crap
Hmm.. ...So bring back the immigrants to fill all those low paying jobs... ...or hire people at living wages that will likely triple the prices of all those products.
For the US evonomy. In your dreams though.
What planet is he on ? The US can never match China in manufacturing, China has the bigger population who will take a lower wage....utter morons!!
I know..let's double down on fossil fuels. Send your kids to the mines and tear up your national forests while China is out producing the world in renewable energy, and the rest of the world is buying it. 🙄
The gaslighting continues and this guy is just reiterating the tRump lies. What a farce.
Ok, besides the massive logistics, time and cost required to manufacture at scale - why would China give up its global dominance or want to support US manufacturing???
A manufacturing economy in which no one buys our stuff because it’s too expensive and it’s just the same old stuff because we don’t believe in innovation anymore
You can tell by his face that he doesn’t believe what is coming out of his mouth for one single minute
How many years are we going to have to keep hearing about this dead horse...
If frogs had wings they wouldn’t bump their ass when they hopped
This is complete nonsense.
trump wants us to be the ones working in sweatshops. That explains why he tried to bring a Foxconn plant here. Fortunately he failed at that like everything else in his life... Trump’s promised ‘manufacturing miracle’ failed to materialize | The Wisconsin Independent share.google/myGYLnQJw6U1...
So gonna bottom out wages and living conditions to try to beat out China's domestic manufacturing. What are these fuckers smoking?
So the American Dream has become.... the China Dream? 😵💫
Who’s asking for this other than the owners of the factories?
Seems like Bessent is about 30-50 years too late on this analysis. Where was he when all his big-time financial type friends were moving manufacturing jobs to China so they could increase their profits?
I would wager that China doesn't need Johnny Come Lately to tell them about their consumer economy
"If wishes were horses, fools would ride."
This fucking doofus
To Hell with creating artists, scholars, scientists, doctors, nurses, teachers, firemen, police, etc. They want us all in the factories at minimum wage (no unions allowed) making the owners bigger billionaires.
China is laughing at T.
Everywhere is laughing at Trump. His bubble of sycophants just won’t tell him.
Bessent and Trump's buddies have been offshoring US manufacturing jobs for 50 years in chase of quarterly bonuses. Their plan to return jobs is moronic and doomed to fail as long as the same people are chasing the money dragon.
Chinese workers don't need to spend $300 for a vial of insulin
So We are going backwards while pushing China forwards?
China is not going to buy from the US. I have a friend from China who lives in Canada, and she doesn't like buying cheap China stuff from our dollar store because she can get it cheaper in China 😉
Someone needs to explain to him why US manufacturing left in the 1990s. Does he think the price of US labor has gone down?
Slave labor
The US let that ship sail two generations ago. Do you really think that experience and mentorship just appears out of thin air if you throw pennies at it?
We can't consume if we are in poverty.
China's average wage is $4,214 USD per month. The United State's average wage is $5,316 USD per month. So Bessent/Trump wants to lower our average wage to compete for global manufacturing. Who voted for this?
Ha ha hahahahaha he thinks the US could actually meet Chinese consumer requirements Ha ha hahahahaha
Sorry, but this is risible.
Make China Great Again!
JFC 🙄
I remember when we were a consumer economy
Will never happen, China pays their employees pennies on the dollars USA pays their workers!
