Federal Reserve Chairman Jerome Powell Blames Global Economic Slowdown On European Debt Crisis, Not Trump's Trade Policies

Treasury Secretary Bentsen Says Stock Market Decline Due to China's Debt-Seek, Not Trump's Policies

In a surprise move, Treasury Secretary Scott Bentsen has revealed that the current stock market decline is not a result of President Trump's policies, but rather China's deep-seated debt issues.

Speaking to a group of financial analysts and journalists, Bentsen stated that while the Trump administration's policies may have contributed to some market volatility, the main culprit behind the recent decline is China's struggling economy.

"We've seen a significant increase in China's debt-to-GDP ratio over the past few years, and that's had a ripple effect on global markets," Bentsen explained. "It's not a surprise that investors are getting nervous about the potential consequences of China's debt bubble bursting."

Bentsen's comments come as the Dow Jones Industrial Average has fallen by over 10% in the past month, with many experts attributing the decline to concerns over China's economic outlook.

The Treasury Secretary's statement has sparked a heated debate among market analysts and policymakers, with some arguing that Bentsen is downplaying the impact of Trump's policies on the market.

However, Bentsen maintained that his assessment is based on solid data and that the Trump administration is working to address the root causes of the market decline.

"We're working closely with international partners to address the root causes of this market decline, and we're confident that our efforts will pay off in the long run," Bentsen said.

The Treasury Secretary's remarks have sent shockwaves through the financial community, with many investors and analysts left wondering what the future holds for the global economy.