Trump’s Treasury Secretary Says US Will Impose ‘Price Floors’ To Combat China Manipulating Markets

Zachary Leeman Oct 15th, 2025, 3:30 pm

Treasury Secretary Scott Bessent told CNBC on Wednesday that the United States will be introducing “price floors” in different markets to combat China.

Bessent joined Sara Eisen at the CNBC Invest in America Forum in Washington, D.C. where he argued that the current administration taking stakes in private companies is a way to combat global market manipulation, especially from China. Bessent said they have identified seven “strategic” markets for them to be more actively involved in.

“When you are facing a nonmarket economy like China, then you have to exercise industrial policy,” Bessent said.

The Treasury Secretary explained that China has

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