Loading...
Market
What impact will Scott Bessent's policies have on U.S.-China trade relations by end of 2025?
1
Resolution / Starting Odds
Improved relations • 25%
No significant change • 25%
Worsened relations • 25%
Other outcomes • 25%
Official U.S. government trade reports, major news outlets, or expert analysis
Story
Trump Nominates Scott Bessent as Treasury Secretary to Cut Budget Deficit to 3%, Boost GDP Growth to 3%, Increase Oil Production by 3 Million BPD
Jan 7, 2025, 11:04 PM
Scott Bessent has been nominated by President Donald Trump to serve as Secretary of the U.S. Treasury. Bessent, known for his expertise in fiscal policy, aims to implement a '3-3-3' economic plan that targets a budget deficit reduction to 3% of GDP, an increase in real GDP growth to 3%, and a boost in U.S. oil production by 3 million barrels per day. His nomination has garnered support from various political figures, including Senator John Cornyn, who expressed confidence in Bessent's ability to strengthen America's fiscal policy and manage national debt. Analysts have noted that Bessent's strategy may also involve a focus on tariffs and inflation moderation, with implications for international relations, particularly regarding China's economic policies.
View original story
Similar markets
Sanctions removed • 25%
Increase in sanctions • 25%
No change in sanctions • 25%
Decrease in sanctions • 25%
Strengthened significantly • 25%
No significant change • 25%
Weakened significantly • 25%
Slight changes • 25%
Inflation remains stable • 25%
Inflation increases • 25%
No significant impact • 25%
Inflation decreases • 25%
Reducing federal debt • 25%
Reining in budget deficit • 25%
Strategic tariffs • 25%
Implementing tax cuts • 25%
Strengthens • 25%
Becomes contentious • 25%
Weakens • 25%
Remains the same • 25%
Other • 25%
Improved relations • 25%
Increased tensions • 25%
Status quo maintained • 25%
New trade agreement • 25%
Increased tensions • 25%
Improved relations • 25%
Status quo maintained • 25%
Escalation of trade tensions • 25%
Increased tariffs • 25%
New trade agreement • 25%
Status quo maintained • 25%
Other significant event • 25%
Status quo maintained • 25%
Deteriorated relations • 25%
Improved relations • 25%
Trade deficit decreases • 25%
Trade deficit increases • 25%
Trade surplus achieved • 25%
No significant change • 25%
Trade tensions escalate • 25%
New trade agreement reached • 25%
Other outcome • 25%
Status quo maintained • 25%
No significant change • 25%
Increase in tariffs • 25%
Introduction of new trade agreements • 25%
Decrease in tariffs • 25%