In Case You Missed It: Bessent Highlights Yuan Weakness as a Greater Concern for Europe than the U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 19 2025
0mins
Source: InvestingliveForex
U.S. Treasury Secretary's Remarks: Scott Bessent stated that China's yuan presents a greater challenge for Europe than for the U.S., as it has weakened significantly against the euro while remaining stable against the dollar.
Impact on Trade: U.S. tariffs have reduced America's trade deficit with China by 14% this year, while China's trade with Europe has increased by nearly 7%, contributing to a widening EU trade deficit due to the yuan's depreciation against the euro.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
