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How Secretary Bessent Could Encircle China

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How Secretary Bessent Could Encircle China
A container ship heads out from a port in Qingdao in east China's Shandong province on May 7, 2025. Chinatopix Via AP
Peter Morici
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Commentary
President Donald Trump’s trade war threatens renewed inflation, slower growth, permanently elevated interest rates, and lower stock prices. However, Treasury Secretary Scott Bessent has the correct instincts to set things right.
Peter Morici
Peter Morici
Author
Peter Morici, professor at the Robert H. Smith School of Business at the University of Maryland, is a recognized expert on economic policy and international economics. Previously he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions including Columbia University, the Harvard Business School and Oxford University.
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