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Treasury Secretary Bessent says China’s escalation was ‘big mistake,’ country playing with ‘losing hand’ newsthirst.

Treasury Secretary Scott Bessent said Tuesday the U.S. holds a substantial advantage over China as the two nations exchange threats in a burgeoning trade war. “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent said during an interview on CNBC’s “Squawk Box.” “What do we…

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Energy secretary’s former firm plummets after Trump tariff escalation newsthirst.

Chris Wright, chief executive officer of Liberty Energy Inc. and US energy secretary nominee for US President-elect Donald Trump, arrives for a Senate Energy and Natural Resources Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 15, 2025.  Al Drago | Bloomberg | Getty Images Liberty Energy lost around $600 million in market value in…

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