Treasury Secretary Scott Bessent said that China is in jeopardy of losing millions of jobs amid escalating tension between Beijing and the U.S. stemming from tariffs .
“I think that over time we will see that the Chinese tariffs are unsustainable for China,” Bessent told reporters at the White House Tuesday. “I’ve seen some very large numbers over the past few days that show if these numbers stay on, Chinese could lose 10 million jobs very quickly. And even if there is a drop in the tariffs that they could lose 5 million jobs.”…