Market
What will be the outcome of U.S.-China trade relations by the end of 2025?
2
Resolution / Starting Odds
Improved relations • 25%
Status quo maintained • 25%
Increased tensions • 25%
Other • 25%
Official trade agreements, policy announcements, or credible news reports
Story
Donald Trump Taps Scott Bessent as Treasury Secretary Amid China Tariffs and Strategic Policy Debates
Dec 1, 2024, 02:07 PM
President-elect Donald Trump has announced the nomination of Scott Bessent as the next U.S. Treasury Secretary. Bessent, a prominent fund manager, is recognized for his expertise in financial markets. His nomination has sparked discussions about potential shifts in U.S. economic policy. Bessent is expected to focus on reining in the budget deficit, reducing federal debt, and implementing tax cuts aimed at benefiting lower-income workers. Additionally, he has expressed support for maintaining the dollar's primacy and employing strategic tariffs. Analysts are debating whether his approach represents a continuation of interventionist policies or a new direction for U.S. economic dominance. There is speculation that Bessent's appointment could signal potential relief for China over tariffs, despite President-elect Trump's recent levy threat.
View original story
Similar markets
Increased tensions • 25%
New trade agreement • 25%
Status quo maintained • 25%
Improved relations • 25%
Status quo maintained • 25%
Increased tariffs • 25%
New trade agreement • 25%
Escalation of trade tensions • 25%
Increased tariffs • 25%
New trade agreement • 25%
Other outcome • 25%
No significant changes • 25%
Tariffs increased • 25%
No significant change • 25%
Tariffs reduced • 25%
Trade agreement reached • 25%
Status quo maintained • 25%
Other outcome • 25%
Trade tensions escalate • 25%
New trade agreement reached • 25%
Deteriorated relations • 25%
Other significant event • 25%
Status quo maintained • 25%
Improved relations • 25%
No significant change • 25%
Worsened relations • 25%
Indeterminate • 25%
Improved relations • 25%
Status quo • 25%
Deteriorated relations • 25%
Other • 25%
Improved relations • 25%
No changes • 25%
Other outcomes • 25%
Minor adjustments • 25%
Major restructuring • 25%
Other • 25%
Trade tensions escalate • 25%
Status quo maintained • 25%
Trade agreements reached • 25%