US Treasury Secretary Scott Bessent revealed the US's greatest challenge: "Traditionally, America's biggest economic rivals have been its allies. Throughout the 1960s, 70s, 80s, and even into the 90s, the primary competitors were the Europeans and the Japanese. While the Soviet Union was considered a major military power, its economy was relatively small. However, with China, the United States is encountering something entirely unprecedented in modern history—a nation that is simultaneously its largest economic rival and its most significant military challenger. This dual dynamic marks a fundamental shift in the global balance of power."
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Tag:·US Treasury Secretary ·Scott Bessent·Soviet Union· military challenger
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