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What will be Scott Bessent's approach to sanctions on China by December 31, 2025?
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Resolution / Starting Odds
Increase in sanctions • 25%
Decrease in sanctions • 25%
No change in sanctions • 25%
Sanctions removed • 25%
Official U.S. government announcements or major news outlets
Story
Trump Nominates Scott Bessent as Treasury Secretary, Signaling Hawkish Economic Pivot Amid Tariff Concerns
Nov 30, 2024, 11:00 PM
Donald Trump has nominated Scott Bessent as Treasury Secretary, a move that could have significant implications for U.S.-China trade relations. Analysts suggest that Bessent's appointment may indicate a hawkish economic stance, focusing on dollar dominance, tariffs, and sanctions. This raises questions about whether the U.S. will intensify its economic coercion strategies, particularly in light of Trump's recent threats to impose additional tariffs on China. The nomination has sparked discussions about potential relief for China, despite the ongoing trade tensions. Confirmation of Bessent's appointment remains uncertain as the transition process unfolds.
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Improved relations • 25%
Deteriorated relations • 25%
No significant change • 25%
Unclear impact • 25%
Yes • 50%
No • 50%
Hawkish pivot • 25%
Dovish pivot • 25%
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Unclear impact • 25%
Pro-Deficit Reduction • 25%
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Imposing new sanctions on Chinese firms • 25%
Diplomatic negotiations • 25%
No significant action • 25%
Other • 25%
Tax cuts implementation • 25%
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Cryptocurrency regulation • 25%
Deficit reduction • 25%
Pro-Crypto • 25%
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Withdrawn • 25%
No decision by deadline • 25%
Resolution reached • 25%
Ongoing negotiations • 25%
Escalation of tensions • 25%
Stalemate • 25%
Tax Reforms • 25%
Currency Policy • 25%
Bond Market Strategy • 25%
Other • 25%