{"id":11027,"date":"2026-08-21T15:59:44","date_gmt":"2026-08-21T07:59:44","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=11027"},"modified":"2026-08-21T15:59:50","modified_gmt":"2026-08-21T07:59:50","slug":"%e7%be%8e%e5%80%ba%e5%9b%9e%e8%b4%ad%e6%89%a9%e5%ae%b9%e8%83%8c%e5%90%8e-%e8%b4%9d%e6%a3%ae%e7%89%b9%e7%9a%84%e6%88%98%e6%9c%af%e5%b9%b2%e9%a2%84%e4%b8%8e%e5%80%ba%e5%b8%82%e9%95%bf","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/11027","title":{"rendered":"\u0110\u1eb1ng sau vi\u1ec7c m\u1edf r\u1ed9ng ho\u1ea1t \u0111\u1ed9ng mua l\u1ea1i n\u1ee3 c\u1ee7a Hoa K\u1ef3 - S\u1ef1 can thi\u1ec7p mang t\u00ednh chi\u1ebfn thu\u1eadt c\u1ee7a Bessent v\u00e0 tr\u00f2 ch\u01a1i c\u01a1 b\u1ea3n c\u1ee7a chu k\u1ef3 th\u1ecb tr\u01b0\u1edfng tr\u00e1i phi\u1ebfu"},"content":{"rendered":"<p>Th\u00f4ng b\u00e1o c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh Hoa K\u1ef3 v\u1ec1 vi\u1ec7c m\u1edf r\u1ed9ng \u0111\u00e1ng k\u1ec3 quy m\u00f4 mua l\u1ea1i tr\u00e1i phi\u1ebfu kho b\u1ea1c d\u00e0i h\u1ea1n g\u1ea7n \u0111\u00e2y \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t bi\u1ebfn s\u1ed1 c\u1ed1t l\u00f5i tr\u00ean th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu to\u00e0n c\u1ea7u. L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n gi\u1ea3m nhanh trong nh\u1eefng ng\u00e0y \u0111\u1ea7u sau khi tin t\u1ee9c \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, nh\u01b0ng m\u1ecdi kho\u1ea3n l\u1ed7 \u0111\u00e3 \u0111\u01b0\u1ee3c ph\u1ee5c h\u1ed3i ch\u1ec9 trong m\u1ed9t ng\u00e0y giao d\u1ecbch. Quan \u0111i\u1ec3m th\u1ecb tr\u01b0\u1eddng nhanh ch\u00f3ng chuy\u1ec3n t\u1eeb \u201cch\u00ednh s\u00e1ch h\u1ed7 tr\u1ee3\u201d sang \u201ch\u1ea1n ch\u1ebf t\u00e1c d\u1ee5ng c\u1ee7a thu\u1ed1c\u201d, v\u1edbi s\u1ef1 kh\u00e1c bi\u1ec7t r\u00f5 r\u1ec7t. Theo quan \u0111i\u1ec3m c\u1ee7a nh\u00f3m nghi\u00ean c\u1ee9u v\u0129 m\u00f4 Wmax, c\u00e1c cu\u1ed9c th\u1ea3o lu\u1eadn tr\u00ean th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i nh\u00ecn chung v\u1eabn d\u1ef1a tr\u00ean \u0111\u00e1nh gi\u00e1 h\u1eddi h\u1ee3t v\u1ec1 vi\u1ec7c \"li\u1ec7u vi\u1ec7c mua l\u1ea1i c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m l\u1ee3i nhu\u1eadn hay kh\u00f4ng\". N\u00f3 ch\u01b0a x\u00e1c \u0111\u1ecbnh \u0111\u01b0\u1ee3c s\u1ef1 thay \u0111\u1ed5i c\u01a1 b\u1ea3n trong m\u00f4 h\u00ecnh can thi\u1ec7p c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh \u0111\u1eb1ng sau ho\u1ea1t \u0111\u1ed9ng n\u00e0y, c\u0169ng nh\u01b0 ch\u01b0a l\u00e0m r\u00f5 ranh gi\u1edbi gi\u1eefa can thi\u1ec7p chi\u1ebfn thu\u1eadt ng\u1eafn h\u1ea1n v\u00e0 xu h\u01b0\u1edbng c\u01a1 b\u1ea3n d\u00e0i h\u1ea1n. Wmax \u0111\u00e3 h\u00ecnh th\u00e0nh m\u1ed9t nghi\u00ean c\u1ee9u v\u00e0 \u0111\u00e1nh gi\u00e1 nhi\u1ec1u l\u1edbp h\u01a1n d\u1ef1a tr\u00ean vi\u1ec7c th\u00e1o d\u1ee1 c\u00f3 h\u1ec7 th\u1ed1ng khu\u00f4n kh\u1ed5 t\u00e0i ch\u00ednh c\u1ee7a Hoa K\u1ef3, m\u00f4 h\u00ecnh h\u00e0nh vi c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh v\u00e0 logic \u0111i\u1ec1u khi\u1ec3n l\u00e3i su\u1ea5t d\u00e0i h\u1ea1n.<\/p>\n<p><a id=\"post-11027-heading_0\"><\/a><strong>B\u1ea3n ch\u1ea5t ho\u1ea1t \u0111\u1ed9ng: chi\u1ebfn thu\u1eadt ki\u1ec3u qu\u1ef9 ph\u00f2ng h\u1ed9, ph\u00e1 v\u1ee1 khu\u00f4n kh\u1ed5 ho\u1ea1t \u0111\u1ed9ng truy\u1ec1n th\u1ed1ng c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh<\/strong><\/p>\n<p>L\u1ea7n n\u00e0y, B\u1ed9 T\u00e0i ch\u00ednh n\u00eau r\u00f5 t\u1eeb ng\u00e0y 9\/9 \u0111\u1ebfn ng\u00e0y 4\/11, s\u1ebd t\u0103ng quy m\u00f4 mua l\u1ea1i m\u1ed9t l\u1ea7n t\u1ed1i \u0111a tr\u00e1i phi\u1ebfu Ch\u00ednh ph\u1ee7 d\u00e0i h\u1ea1n 10-30 n\u0103m t\u1eeb 2 t\u1ef7 USD l\u00ean \u00edt nh\u1ea5t 4 t\u1ef7 USD. T\u00ednh v\u1edbi t\u1ed1c \u0111\u1ed9 n\u00e0y, quy m\u00f4 mua l\u1ea1i h\u00e0ng n\u0103m x\u1ea5p x\u1ec9 128 t\u1ef7 USD, g\u1ea7n b\u1eb1ng 30% d\u1ef1 ki\u1ebfn \u200b\u200bph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu Ch\u00ednh ph\u1ee7 c\u00f3 k\u1ef3 h\u1ea1n t\u01b0\u01a1ng \u1ee9ng, nh\u01b0ng ch\u1ec9 chi\u1ebfm 2,4% t\u1ed5ng n\u1ee3 hi\u1ec7n c\u00f3 tr\u00ean th\u1ecb tr\u01b0\u1eddng. T\u1eeb g\u00f3c \u0111\u1ed9 t\u00e1c \u0111\u1ed9ng th\u1ecb tr\u01b0\u1eddng ng\u1eafn h\u1ea1n, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu M\u1ef9 k\u1ef3 h\u1ea1n 30 n\u0103m \u0111\u00e3 gi\u1ea3m g\u1ea7n 10 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong v\u00f2ng v\u00e0i gi\u1edd sau khi tin t\u1ee9c \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, v\u00e0 ch\u1ee9ng kho\u00e1n M\u1ef9 \u0111\u1ed3ng lo\u1ea1t t\u0103ng gi\u00e1. T\u00e1c \u0111\u1ed9ng ng\u1eafn h\u1ea1n c\u1ee7a t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch l\u00e0 r\u1ea5t \u0111\u00e1ng k\u1ec3; tuy nhi\u00ean, v\u00e0o ng\u00e0y giao d\u1ecbch th\u1ee9 hai, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu 10 n\u0103m v\u00e0 30 n\u0103m \u0111\u00e3 ho\u00e0n to\u00e0n ph\u1ee5c h\u1ed3i m\u1ee9c l\u1ed7 v\u00e0 quay tr\u1edf l\u1ea1i m\u1ee9c cao tr\u01b0\u1edbc \u0111\u00f3.<\/p>\n<p>Wmax tin r\u1eb1ng \u00fd ngh\u0129a c\u1ed1t l\u00f5i c\u1ee7a ho\u1ea1t \u0111\u1ed9ng n\u00e0y kh\u00f4ng ph\u1ea3i l\u00e0 quy m\u00f4 m\u00e0 n\u00f3 \u0111\u00e1nh d\u1ea5u s\u1ef1 thay \u0111\u1ed5i m\u00f4 h\u00ecnh trong t\u01b0 duy qu\u1ea3n l\u00fd n\u1ee3 c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh Hoa K\u1ef3. T\u1eeb l\u00e2u, B\u1ed9 T\u00e0i ch\u00ednh M\u1ef9 lu\u00f4n tu\u00e2n th\u1ee7 nguy\u00ean t\u1eafc ph\u00e1t h\u00e0nh n\u1ee3 \u201cth\u01b0\u1eddng xuy\u00ean v\u00e0 c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n \u0111\u01b0\u1ee3c\u201d, tr\u00e1nh ch\u1ee7 \u0111\u1ed9ng \u0111i\u1ec1u ch\u1ec9nh chi\u1ebfn l\u01b0\u1ee3c \u0111i\u1ec1u h\u00e0nh \u0111\u1ec3 can thi\u1ec7p v\u00e0o gi\u00e1 c\u1ea3 th\u1ecb tr\u01b0\u1eddng. Sau khi Bessent nh\u1eadm ch\u1ee9c, phong c\u00e1ch giao d\u1ecbch c\u1ee7a \u00f4ng t\u1eeb n\u1ec1n t\u1ea3ng qu\u1ef9 ph\u00f2ng h\u1ed9 \u0111\u00e3 d\u1ea7n d\u1ea7n th\u00e2m nh\u1eadp v\u00e0o logic ho\u1ea1t \u0111\u1ed9ng c\u1ee7a Kho b\u1ea1c - t\u1eeb vi\u1ec7c \u0111i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u ph\u00e1t h\u00e0nh n\u1ee3 trong n\u0103m v\u00e0 th\u00fac \u0111\u1ea9y vi\u1ec7c n\u1edbi l\u1ecfng c\u00e1c quy \u0111\u1ecbnh ph\u00e1p l\u00fd, \u0111\u1ebfn hai bi\u1ec7n ph\u00e1p can thi\u1ec7p tr\u1ef1c ti\u1ebfp v\u00e0o th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i, \u0111\u1ebfn vi\u1ec7c m\u1edf r\u1ed9ng mua l\u1ea1i b\u1ea5t ng\u1edd n\u00e0y. Bessent \u0111\u00e3 tr\u1edf th\u00e0nh m\u1ed9t trong nh\u1eefng B\u1ed9 tr\u01b0\u1edfng T\u00e0i ch\u00ednh t\u00edch c\u1ef1c nh\u1ea5t trong th\u1ebf k\u1ef7 21 trong vi\u1ec7c can thi\u1ec7p v\u00e0o th\u1ecb tr\u01b0\u1eddng.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"2142\" height=\"1152\" class=\"wp-image-11029\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact.png\" alt=\"bi\u1ec3u \u0111\u1ed32_repo_impact\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact.png 2142w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-300x161.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-1024x551.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-768x413.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-1536x826.png 1536w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-2048x1101.png 2048w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-900x484.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart2_repo_impact-600x323.png 600w\" sizes=\"(max-width: 2142px) 100vw, 2142px\" \/><\/p>\n<p>Logic ho\u1ea1t \u0111\u1ed9ng n\u00e0y t\u01b0\u01a1ng t\u1ef1 nh\u01b0 giao d\u1ecbch t\u00edn hi\u1ec7u t\u1eadp trung c\u1ee7a c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9: th\u00f4ng qua c\u00e1c h\u00e0nh \u0111\u1ed9ng v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng, n\u00f3 nhanh ch\u00f3ng \u0111\u1ea3o ng\u01b0\u1ee3c k\u1ef3 v\u1ecdng \u0111\u01a1n ph\u01b0\u01a1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 t\u1ea1o ra r\u1ee7i ro hai chi\u1ec1u trong vi\u1ec7c b\u00e1n kh\u1ed1ng n\u1ee3 M\u1ef9. M\u1ed9t s\u1ed1 quan \u0111i\u1ec3m tr\u00ean th\u1ecb tr\u01b0\u1eddng gi\u1ea3i th\u00edch \u0111\u00e2y l\u00e0 \"s\u1ef1 \u0111\u1ea3o ng\u01b0\u1ee3c tr\u1ef1c ti\u1ebfp xu h\u01b0\u1edbng l\u00e3i su\u1ea5t\", r\u00f5 r\u00e0ng \u0111\u00e3 \u0111\u00e1nh gi\u00e1 qu\u00e1 cao t\u1ea7m quan tr\u1ecdng c\u1ee7a m\u1ed9t ho\u1ea1t \u0111\u1ed9ng \u0111\u01a1n l\u1ebb; nh\u01b0ng nh\u1eefng ng\u01b0\u1eddi kh\u00e1c ho\u00e0n to\u00e0n ph\u1ee7 nh\u1eadn t\u1ea7m quan tr\u1ecdng c\u1ee7a n\u00f3 v\u00e0 ph\u1edbt l\u1edd nh\u1eefng thay \u0111\u1ed5i trong quy \u0111\u1ecbnh v\u1ec1 gi\u00e1 do B\u1ed9 T\u00e0i ch\u00ednh ng\u00e0y c\u00e0ng s\u1eb5n s\u00e0ng can thi\u1ec7p.<\/p>\n<p><a id=\"post-11027-heading_1\"><\/a><strong>Nh\u1eefng t\u00e1c \u0111\u1ed9ng ng\u1eafn h\u1ea1n kh\u00f4ng th\u1ec3 tr\u00e1nh kh\u1ecfi c\u1ee7a thu\u1ed1c: m\u00e2u thu\u1eabn c\u1ed1t l\u00f5i c\u1ee7a vi\u1ec7c t\u0103ng n\u0103ng su\u1ea5t d\u00e0i h\u1ea1n v\u1eabn ch\u01b0a \u0111\u01b0\u1ee3c gi\u1ea3i quy\u1ebft<\/strong><\/p>\n<p>Hi\u1ec7u \u1ee9ng mua l\u1ea1i ch\u1ec9 k\u00e9o d\u00e0i trong m\u1ed9t ng\u00e0y giao d\u1ecbch, c\u00f3 v\u1ebb nh\u01b0 v\u01b0\u1ee3t qu\u00e1 mong \u0111\u1ee3i c\u1ee7a th\u1ecb tr\u01b0\u1eddng nh\u01b0ng th\u1ef1c t\u1ebf l\u1ea1i ph\u00f9 h\u1ee3p v\u1edbi logic c\u01a1 b\u1ea3n. Wmax lu\u00f4n nh\u1ea5n m\u1ea1nh r\u1eb1ng s\u1ef1 gia t\u0103ng l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n c\u1ee7a M\u1ef9 l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a s\u1ef1 c\u1ed9ng h\u01b0\u1edfng c\u1ee7a nhi\u1ec1u y\u1ebfu t\u1ed1 c\u1ea5u tr\u00fac v\u00e0 ch\u1ec9 ri\u00eang ho\u1ea1t \u0111\u1ed9ng mua l\u1ea1i \u1edf m\u1ee9c thanh kho\u1ea3n kh\u00f4ng th\u1ec3 gi\u1ea3i quy\u1ebft \u0111\u01b0\u1ee3c \u00e1p l\u1ef1c c\u01a1 b\u1ea3n. Ch\u00fang t\u00f4i \u0111\u00e3 ph\u00e2n lo\u1ea1i ra b\u1ed1n y\u1ebfu t\u1ed1 c\u1ed1t l\u00f5i th\u00fac \u0111\u1ea9y s\u1ef1 gia t\u0103ng l\u00e3i su\u1ea5t d\u00e0i h\u1ea1n hi\u1ec7n nay:<\/p>\n<p><strong>\u00c1p l\u1ef1c c\u1ee9ng nh\u1eafc l\u00ean n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh:<\/strong>Th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh hi\u1ec7n nay c\u1ee7a M\u1ef9 chi\u1ebfm g\u1ea7n 6% GDP, g\u1ea5p kho\u1ea3ng ba l\u1ea7n m\u1ee9c trung b\u00ecnh t\u1eeb th\u1eddi k\u1ef3 h\u1eadu Th\u1ebf chi\u1ebfn th\u1ee9 hai \u0111\u1ebfn th\u1eddi k\u1ef3 tr\u01b0\u1edbc d\u1ecbch b\u1ec7nh; t\u1ed5ng n\u1ee3 li\u00ean bang \u0111\u00e3 v\u01b0\u1ee3t m\u1ed1c 40 ngh\u00ecn t\u1ef7 USD. \u0110\u1ed3ng th\u1eddi, c\u00e1c kho\u1ea3n chi nh\u01b0 an sinh x\u00e3 h\u1ed9i, b\u1ea3o hi\u1ec3m y t\u1ebf v\u00e0 l\u00e3i vay \u0111\u1ec1u c\u1ee9ng nh\u1eafc, chi ti\u00eau qu\u1ed1c ph\u00f2ng d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd t\u0103ng v\u00e0 c\u00f3 c\u00e1c cu\u1ed9c th\u1ea3o lu\u1eadn v\u1ec1 k\u1ebf ho\u1ea1ch c\u1eaft gi\u1ea3m thu\u1ebf ch\u1ed3ng ch\u1ea5t. Xu h\u01b0\u1edbng m\u1edf r\u1ed9ng t\u00e0i kh\u00f3a trong trung h\u1ea1n v\u1eabn ch\u01b0a b\u1ecb \u0111\u1ea3o ng\u01b0\u1ee3c. \u0110\u00e2y l\u00e0 ngu\u1ed3n c\u01a1 b\u1ea3n c\u1ee7a \u00e1p l\u1ef1c cung c\u1ea5p d\u00e0i h\u1ea1n.<\/p>\n<p><strong>L\u1ea1m ph\u00e1t v\u00e0 s\u1ef1 gia t\u0103ng ph\u00ed b\u1ea3o hi\u1ec3m c\u00f3 k\u1ef3 h\u1ea1n:<\/strong>C\u0103ng th\u1eb3ng \u1edf Trung \u0110\u00f4ng \u0111\u00e3 \u0111\u1ea9y gi\u00e1 d\u1ea7u qu\u1ed1c t\u1ebf t\u0103ng cao, lo ng\u1ea1i v\u1ec1 l\u1ea1m ph\u00e1t t\u0103ng tr\u1edf l\u1ea1i v\u00e0 ph\u00ed b\u1ea3o hi\u1ec3m k\u1ef3 h\u1ea1n m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 y\u00eau c\u1ea7u \u0111\u1ec3 n\u1eafm gi\u1eef tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n ti\u1ebfp t\u1ee5c t\u0103ng. Bessant cho r\u1eb1ng l\u1ea1m ph\u00e1t n\u0103ng l\u01b0\u1ee3ng l\u00e0 do c\u00e1c y\u1ebfu t\u1ed1 t\u1ea1m th\u1eddi, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng kh\u00f4ng ho\u00e0n to\u00e0n \u0111\u1ed3ng \u00fd v\u1edbi nh\u1eadn \u0111\u1ecbnh n\u00e0y.<\/p>\n<p><strong>Nh\u1eefng thay \u0111\u1ed5i s\u00e2u s\u1eafc trong c\u01a1 c\u1ea5u cung c\u1ea7u:<\/strong>M\u1ed9t m\u1eb7t, s\u1ef1 m\u1edf r\u1ed9ng c\u1ee7a ng\u00e0nh AI \u0111\u00e3 th\u00fac \u0111\u1ea9y vi\u1ec7c ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p, t\u1ea1o ra s\u1ef1 chuy\u1ec3n h\u01b0\u1edbng ngu\u1ed3n v\u1ed1n t\u1eeb tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7; m\u1eb7t kh\u00e1c, c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng to\u00e0n c\u1ea7u ti\u1ebfp t\u1ee5c thu h\u1eb9p b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n c\u1ee7a h\u1ecd v\u00e0 kh\u1ea3 n\u0103ng h\u1ea5p th\u1ee5 c\u1ee7a nh\u1eefng ng\u01b0\u1eddi mua n\u1ee3 d\u00e0i h\u1ea1n truy\u1ec1n th\u1ed1ng c\u1ee7a M\u1ef9 \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn gi\u1edbi h\u1ea1n tr\u00ean. C\u00e1c qu\u1ef9 giao d\u1ecbch nh\u01b0 c\u00e1c qu\u1ef9 ph\u00f2ng h\u1ed9 c\u00f3 \u0111\u00f2n b\u1ea9y \u0111\u00e3 d\u1ea7n d\u1ea7n tr\u1edf th\u00e0nh c\u00e1c th\u1ef1c th\u1ec3 \u0111\u1ecbnh gi\u00e1 c\u1eadn bi\u00ean, khi\u1ebfn s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a th\u1ecb tr\u01b0\u1eddng suy gi\u1ea3m v\u00e0 bi\u1ebfn \u0111\u1ed9ng t\u0103ng l\u00ean.<\/p>\n<p><strong>C\u1ed9ng h\u01b0\u1edfng t\u00e0i ch\u00ednh \u1edf c\u00e1c n\u1ec1n kinh t\u1ebf ti\u00ean ti\u1ebfn tr\u00ean th\u1ebf gi\u1edbi:<\/strong>C\u00e1c n\u1ec1n kinh t\u1ebf ph\u00e1t tri\u1ec3n l\u1edbn nh\u00ecn chung \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi th\u1eed th\u00e1ch k\u00e9p v\u1ec1 \u00e1p l\u1ef1c t\u00e0i ch\u00ednh v\u00e0 l\u1ea1m ph\u00e1t dai d\u1eb3ng. S\u1ef1 gia t\u0103ng \u0111\u1ed3ng th\u1eddi c\u1ee7a l\u00e3i su\u1ea5t d\u00e0i h\u1ea1n to\u00e0n c\u1ea7u kh\u00f4ng ph\u1ea3i l\u00e0 hi\u1ec7n t\u01b0\u1ee3ng ch\u1ec9 c\u00f3 \u1edf Hoa K\u1ef3.<\/p>\n<p><img decoding=\"async\" width=\"1267\" height=\"682\" class=\"wp-image-11030\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory.png\" alt=\"bi\u1ec3u \u0111\u1ed33_debt_trajectory\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory.png 1267w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory-300x161.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory-1024x551.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory-768x413.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory-900x484.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart3_debt_trajectory-600x323.png 600w\" sizes=\"(max-width: 1267px) 100vw, 1267px\" \/><\/p>\n<p>Mi\u1ec5n l\u00e0 logic c\u01a1 b\u1ea3n \u1edf tr\u00ean kh\u00f4ng thay \u0111\u1ed5i, vi\u1ec7c mua l\u1ea1i ch\u1ec9 c\u00f3 th\u1ec3 c\u1ea3i thi\u1ec7n nh\u1eb9 t\u00ednh thanh kho\u1ea3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n v\u00e0 l\u00e0m ch\u1eadm t\u1ed1c \u0111\u1ed9 t\u0103ng l\u1ee3i su\u1ea5t, nh\u01b0ng kh\u00f4ng th\u1ec3 \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng d\u00e0i h\u1ea1n. \u0110i\u1ec1u kh\u00f4ng th\u1ec3 tr\u00e1nh kh\u1ecfi l\u00e0 th\u1ecb tr\u01b0\u1eddng s\u1ebd quay tr\u1edf l\u1ea1i m\u1ee9c gi\u00e1 c\u01a1 b\u1ea3n v\u00e0o ng\u00e0y h\u00f4m sau.<\/p>\n<p><a id=\"post-11027-heading_2\"><\/a><strong>Ranh gi\u1edbi c\u1ee7a H\u1ed9p c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch: V\u1ecb tr\u00ed th\u1ef1c s\u1ef1 c\u1ee7a \u201cBesant Put\u201d<\/strong><\/p>\n<p>\u0110\u1ec3 \u0111\u1ed1i ph\u00f3 v\u1edbi ho\u1ea1t \u0111\u1ed9ng n\u00e0y, th\u1ecb tr\u01b0\u1eddng \u0111\u00e3 t\u1ea1o ra thu\u1eadt ng\u1eef \"Quy\u1ec1n ch\u1ecdn b\u00e1n Bessent\", tin r\u1eb1ng B\u1ed9 T\u00e0i ch\u00ednh s\u1ebd can thi\u1ec7p linh ho\u1ea1t \u0111\u1ec3 cung c\u1ea5p m\u1ee9c s\u00e0n cho gi\u00e1 tr\u00e1i phi\u1ebfu Hoa K\u1ef3 v\u00e0 h\u1ea1n ch\u1ebf l\u1ee3i su\u1ea5t t\u0103ng. Wmax tin r\u1eb1ng \u0111\u1ecbnh v\u1ecb n\u00e0y c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh r\u00f5 r\u00e0ng: n\u00f3 l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 qu\u1ea3n l\u00fd k\u1ef3 v\u1ecdng ng\u1eafn h\u1ea1n hi\u1ec7u qu\u1ea3, nh\u01b0ng ho\u00e0n to\u00e0n kh\u00f4ng ph\u1ea3i l\u00e0 t\u00edn hi\u1ec7u \u0111\u1ea3o ng\u01b0\u1ee3c xu h\u01b0\u1edbng. Nh\u00ecn v\u00e0o c\u00e1c l\u1ed9 tr\u00ecnh ch\u00ednh s\u00e1ch t\u00f9y ch\u1ecdn ti\u1ebfp theo, B\u1ed9 T\u00e0i ch\u00ednh v\u1eabn c\u00f3 ba lo\u1ea1i c\u00f4ng c\u1ee5, nh\u01b0ng m\u1ed7i lo\u1ea1i \u0111\u1ec1u c\u00f3 nh\u1eefng h\u1ea1n ch\u1ebf r\u00f5 r\u00e0ng:<\/p>\n<p><strong>Ti\u1ebfp t\u1ee5c m\u1edf r\u1ed9ng quy m\u00f4 mua l\u1ea1i:<\/strong>N\u1ebfu c\u00e1c ho\u1ea1t \u0111\u1ed9ng ban \u0111\u1ea7u \u0111\u1ea1t \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 nh\u01b0 mong \u0111\u1ee3i, B\u1ed9 T\u00e0i ch\u00ednh c\u00f3 th\u1ec3 t\u0103ng th\u00eam s\u1ed1 l\u01b0\u1ee3ng v\u00e0 t\u1ea7n su\u1ea5t mua l\u1ea1i \u0111\u1ec3 t\u0103ng c\u01b0\u1eddng hi\u1ec7u \u1ee9ng b\u00e1o hi\u1ec7u. Tuy nhi\u00ean, quy m\u00f4 qu\u1ef9 mua l\u1ea1i c\u1ef1c k\u1ef3 nh\u1ecf so v\u1edbi th\u1ecb tr\u01b0\u1eddng h\u00e0ng ch\u1ee5c ngh\u00ecn t\u1ef7 USD hi\u1ec7n t\u1ea1i, kh\u00f4ng th\u1ec3 ti\u1ebfp t\u1ee5c d\u1ef1a v\u00e0o vi\u1ec7c mua \u0111\u1ec3 tr\u1ef1c ti\u1ebfp tr\u1ea5n \u00e1p l\u00e3i su\u1ea5t.<\/p>\n<p><strong>\u0110i\u1ec1u ch\u1ec9nh c\u01a1 c\u1ea5u k\u1ef3 h\u1ea1n n\u1ee3:<\/strong>B\u1eb1ng c\u00e1ch gi\u1ea3m ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu kho b\u1ea1c d\u00e0i h\u1ea1n v\u00e0 t\u0103ng ngu\u1ed3n cung t\u00edn phi\u1ebfu kho b\u1ea1c ng\u1eafn h\u1ea1n, \u00e1p l\u1ef1c d\u00e0i h\u1ea1n s\u1ebd \u0111\u01b0\u1ee3c gi\u1ea3m b\u1edbt t\u1eeb ph\u00eda cung. Tuy nhi\u00ean, chi\u1ebfn l\u01b0\u1ee3c n\u00e0y ch\u00ednh x\u00e1c l\u00e0 \u0111i\u1ec1u m\u00e0 Bessant tr\u01b0\u1edbc \u0111\u00e2y \u0111\u00e3 ch\u1ec9 tr\u00edch ch\u00ednh quy\u1ec1n Biden, v\u00e0 vi\u1ec7c ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o n\u1ee3 ng\u1eafn h\u1ea1n s\u1ebd l\u00e0m t\u0103ng nguy c\u01a1 \u0111\u1ea3o n\u1ee3 v\u00e0 thay v\u00e0o \u0111\u00f3 c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c th\u1ecb tr\u01b0\u1eddng hi\u1ec3u l\u00e0 t\u00edn hi\u1ec7u c\u1ee7a \u00e1p l\u1ef1c t\u00e0i ch\u00ednh.<\/p>\n<p><strong>K\u1ebf ho\u1ea1ch c\u1ee7ng c\u1ed1 t\u00e0i kh\u00f3a:<\/strong>Bessant ti\u1ebft l\u1ed9 r\u1eb1ng ch\u00ednh ph\u1ee7 s\u1eafp c\u00f4ng b\u1ed1 k\u1ebf ho\u1ea1ch c\u1ee7ng c\u1ed1 t\u00e0i ch\u00ednh m\u1edbi. C\u00e1c h\u01b0\u1edbng c\u1ed1t l\u00f5i bao g\u1ed3m ch\u1ed1ng gian l\u1eadn chi ti\u00eau, xem x\u00e9t ngu\u1ed3n v\u1ed1n d\u1ef1 \u00e1n c\u1ea5p nh\u00e0 n\u01b0\u1edbc v\u00e0 d\u1ef1a v\u00e0o ngu\u1ed3n thu t\u1eeb thu\u1ebf quan \u0111\u1ec3 c\u1ea3i thi\u1ec7n t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh. Tuy nhi\u00ean, th\u1ecb tr\u01b0\u1eddng nh\u00ecn chung tin r\u1eb1ng c\u00e1c bi\u1ec7n ph\u00e1p nh\u01b0 v\u1eady ch\u1ec9 c\u00f3 th\u1ec3 c\u1ea3i thi\u1ec7n th\u00e2m h\u1ee5t \u1edf m\u1ed9t m\u1ee9c \u0111\u1ed9 h\u1ea1n ch\u1ebf v\u00e0 kh\u00f3 c\u00f3 th\u1ec3 s\u1eeda ch\u1eefa \u0111\u00e1ng k\u1ec3 c\u00e1c nguy\u00ean t\u1eafc t\u00e0i ch\u00ednh c\u01a1 b\u1ea3n.<\/p>\n<p>Bessent nh\u1ea5n m\u1ea1nh r\u1eb1ng \"vi\u1ec7c mua l\u1ea1i nh\u1eb1m m\u1ee5c \u0111\u00edch c\u1ea3i thi\u1ec7n t\u00ednh thanh kho\u1ea3n c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9 kh\u00f4ng ph\u1ea3i \u0111\u1ec3 ki\u1ec3m so\u00e1t \u0111\u01b0\u1eddng cong l\u1ee3i su\u1ea5t\". \u0110\u1eb1ng sau tuy\u00ean b\u1ed1 ch\u00ednh th\u1ee9c n\u00e0y l\u00e0 s\u1ef1 c\u00e2n b\u1eb1ng gi\u1eefa \u00fd \u0111\u1ecbnh ch\u00ednh s\u00e1ch v\u00e0 nh\u1eefng h\u1ea1n ch\u1ebf th\u1ef1c t\u1ebf. M\u1ee5c ti\u00eau th\u1ef1c s\u1ef1 c\u1ee7a n\u00f3 l\u00e0 ng\u0103n ch\u1eb7n t\u00e2m l\u00fd b\u00e1n kh\u1ed1ng \u0111\u01a1n ph\u01b0\u01a1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111\u1ed1i v\u1edbi tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n b\u1eb1ng c\u00e1ch \u0111\u01b0a ra t\u00edn hi\u1ec7u r\u1eb1ng c\u00e1c c\u00f4ng c\u1ee5 ch\u00ednh s\u00e1ch l\u00e0 \u0111\u1ee7 v\u00e0 ng\u0103n ch\u1eb7n s\u1ef1 gia t\u0103ng nhanh ch\u00f3ng c\u1ee7a l\u1ee3i su\u1ea5t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn chi ph\u00ed t\u00e0i ch\u00ednh c\u1ee7a c\u00e1c t\u1ed5 ch\u1ee9c nh\u01b0 th\u1ebf ch\u1ea5p.<\/p>\n<p><img decoding=\"async\" width=\"2321\" height=\"1332\" class=\"wp-image-11031\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox.png\" alt=\"bi\u1ec3u \u0111\u1ed38_policy_toolbox\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox.png 2321w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-300x172.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-1024x588.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-768x441.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-1536x881.png 1536w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-2048x1175.png 2048w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-900x517.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/08\/chart8_policy_toolbox-600x344.png 600w\" sizes=\"(max-width: 2321px) 100vw, 2321px\" \/><\/p>\n<p><a id=\"post-11027-heading_3\"><\/a><strong>M\u00f4 h\u00ecnh tr\u00f2 ch\u01a1i d\u00e0i h\u1ea1n: s\u1ee9c h\u00fat hai chi\u1ec1u gi\u1eefa \u0111i\u1ec3m m\u1ea5u ch\u1ed1t c\u1ee7a ch\u00ednh s\u00e1ch v\u00e0 c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n<\/strong><\/p>\n<p>Th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu hi\u1ec7n nay \u0111\u00e3 b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n tr\u00f2 ch\u01a1i \u0111i\u1ec3n h\u00ecnh \u201ch\u1ed7 tr\u1ee3 ch\u00ednh s\u00e1ch + \u00e1p l\u1ef1c c\u01a1 b\u1ea3n\u201d. C\u0169ng gi\u1ed1ng nh\u01b0 th\u1ecb tr\u01b0\u1eddng t\u00f3m t\u1eaft quy lu\u1eadt: c\u00f3 nh\u1eefng r\u1ee7i ro khi \u0111\u1ed1i \u0111\u1ea7u v\u1edbi c\u00e1c c\u01a1 quan ch\u00ednh quy\u1ec1n c\u00f3 quy\u1ec1n \u0111\u01b0a ra quy \u0111\u1ecbnh, nh\u01b0ng n\u1ec1n t\u1ea3ng t\u00e0i ch\u00ednh y\u1ebfu k\u00e9m c\u0169ng l\u00e0 m\u1ed9t th\u1ef1c t\u1ebf kh\u00f4ng th\u1ec3 tr\u00e1nh kh\u1ecfi. Ngu\u1ed3n v\u1ed1n to\u00e0n c\u1ea7u s\u1ebd ti\u1ebfp t\u1ee5c ki\u1ec3m tra \u0111i\u1ec3m m\u1ea5u ch\u1ed1t c\u1ee7a ch\u00ednh s\u00e1ch ch\u00ednh th\u1ee9c, trong khi B\u1ed9 T\u00e0i ch\u00ednh s\u1ebd s\u1eed d\u1ee5ng c\u00e1c ho\u1ea1t \u0111\u1ed9ng linh ho\u1ea1t \u0111\u1ec3 l\u00e0m d\u1ecbu t\u1ed1c \u0111\u1ed9 t\u0103ng l\u00e3i su\u1ea5t. S\u1ee9c h\u00fat gi\u1eefa hai b\u00ean s\u1ebd tr\u1edf th\u00e0nh t\u00e2m \u0111i\u1ec3m ch\u00ednh c\u1ee7a th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu M\u1ef9 trong th\u1eddi gian t\u1edbi. \u0110\u1ed1i v\u1edbi vi\u1ec7c ph\u00e2n b\u1ed5 c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n l\u1edbn, m\u00f4 h\u00ecnh n\u00e0y mang l\u1ea1i ba \u00fd ngh\u0129a r\u00f5 r\u00e0ng:<br \/>\nTh\u1ee9 nh\u1ea5t, l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n c\u1ee7a M\u1ef9 kh\u00f3 c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m v\u00e0 bi\u1ebfn \u0111\u1ed9ng cao s\u1ebd l\u00e0 \u0111i\u1ec1u b\u00ecnh th\u01b0\u1eddng. S\u1ef1 can thi\u1ec7p ch\u00ednh s\u00e1ch s\u1ebd h\u1ea1n ch\u1ebf t\u00ecnh tr\u1ea1ng d\u1ed1c l\u00ean nhanh ch\u00f3ng \u0111\u01a1n ph\u01b0\u01a1ng, nh\u01b0ng \u00e1p l\u1ef1c c\u01a1 b\u1ea3n v\u1ec1 t\u00e0i ch\u00ednh v\u00e0 l\u1ea1m ph\u00e1t quy\u1ebft \u0111\u1ecbnh trung t\u00e2m l\u00e3i su\u1ea5t kh\u00f3 quay tr\u1edf l\u1ea1i m\u1ee9c th\u1ea5p nh\u01b0 x\u01b0a.<br \/>\nTh\u1ee9 hai, logic ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng l\u1ea1i. Trong m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t cao, ngu\u1ed3n v\u1ed1n s\u1ebd d\u1ea7n d\u1ea7n ch\u1ea3y v\u00e0o tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 v\u00e0 t\u00e0i s\u1ea3n chia c\u1ed5 t\u1ee9c cao \u1edf c\u00e1c n\u1ec1n kinh t\u1ebf c\u00f3 \u0111i\u1ec1u ki\u1ec7n t\u00e0i ch\u00ednh l\u00e0nh m\u1ea1nh h\u01a1n, \u0111i\u1ec1u n\u00e0y s\u1ebd ti\u1ebfp t\u1ee5c ng\u0103n ch\u1eb7n c\u00e1c t\u00e0i s\u1ea3n t\u0103ng tr\u01b0\u1edfng thu\u1ea7n t\u00fay d\u1ef1a v\u00e0o \u0111\u1ecbnh gi\u00e1.<br \/>\nTh\u1ee9 ba, \u0111\u1ed3ng \u0111\u00f4 la M\u1ef9 c\u00f3 c\u1ea3 s\u1ef1 h\u1ed7 tr\u1ee3 v\u00e0 \u00e1p l\u1ef1c d\u00e0i h\u1ea1n. Bessant v\u1eabn c\u00f4ng khai tu\u00e2n th\u1ee7 ch\u00ednh s\u00e1ch \u0111\u1ed3ng \u0111\u00f4 la m\u1ea1nh, nh\u01b0ng s\u1ee9c c\u1ea3n d\u00e0i h\u1ea1n \u0111\u1ed1i v\u1edbi t\u00edn d\u1ee5ng c\u1ee7a \u0111\u1ed3ng \u0111\u00f4 la do th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh ng\u00e0y c\u00e0ng gia t\u0103ng v\u00e0 quy m\u00f4 n\u1ee3 gia t\u0103ng lu\u00f4n l\u00e0 m\u1ed9t r\u1ee7i ro ti\u1ec1m \u1ea9n kh\u00f4ng th\u1ec3 b\u1ecf qua.<\/p>\n<p>Nh\u00ecn chung, th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng r\u01a1i v\u00e0o t\u00ecnh tr\u1ea1ng c\u1ef1c \u0111oan nh\u1ecb ph\u00e2n l\u00e0 \"chuy\u1ec3n sang th\u1ecb tr\u01b0\u1eddng t\u0103ng tr\u01b0\u1edfng khi c\u00e1c ch\u00ednh s\u00e1ch \u0111\u01b0\u1ee3c \u0111\u01b0a ra v\u00e0 chuy\u1ec3n sang s\u1ee5p \u0111\u1ed5 khi hi\u1ec7u \u1ee9ng m\u1ea5t d\u1ea7n\". B\u1ea3n ch\u1ea5t l\u00e0 n\u00f3 kh\u00f4ng ph\u00e2n bi\u1ec7t \u0111\u01b0\u1ee3c gi\u1eefa c\u00e1c ho\u1ea1t \u0111\u1ed9ng chi\u1ebfn thu\u1eadt ng\u1eafn h\u1ea1n v\u00e0 logic xu h\u01b0\u1edbng d\u00e0i h\u1ea1n. Wmax lu\u00f4n tin r\u1eb1ng vi\u1ec7c hi\u1ec3u \u0111\u01b0\u1ee3c phong c\u00e1ch can thi\u1ec7p v\u00e0 ranh gi\u1edbi c\u00f4ng c\u1ee5 c\u1ee7a Besant c\u00f3 gi\u00e1 tr\u1ecb h\u01a1n vi\u1ec7c tranh lu\u1eadn v\u1ec1 s\u1ef1 th\u0103ng tr\u1ea7m c\u1ee7a m\u1ed9t ho\u1ea1t \u0111\u1ed9ng \u0111\u01a1n l\u1ebb. Trong t\u01b0\u01a1ng lai, ch\u00fang t\u00f4i s\u1ebd ti\u1ebfp t\u1ee5c theo d\u00f5i c\u00e1c chi ti\u1ebft c\u1ee5 th\u1ec3 c\u1ee7a k\u1ebf ho\u1ea1ch h\u1ee3p nh\u1ea5t t\u00e0i ch\u00ednh, vi\u1ec7c tri\u1ec3n khai th\u1ef1c t\u1ebf c\u00e1c ho\u1ea1t \u0111\u1ed9ng mua l\u1ea1i v\u00e0 nh\u1ecbp \u0111i\u1ec7u ph\u1ed1i h\u1ee3p ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang v\u00e0 B\u1ed9 T\u00e0i ch\u00ednh \u0111\u1ec3 \u0111\u01b0a ra c\u01a1 s\u1edf ph\u00e1n \u0111o\u00e1n mang t\u00ednh d\u1ef1 b\u00e1o h\u01a1n cho vi\u1ec7c ph\u00e2n b\u1ed5 c\u00e1c lo\u1ea1i t\u00e0i s\u1ea3n l\u1edbn.<\/p>","protected":false},"excerpt":{"rendered":"<p>B\u1ed9 T\u00e0i ch\u00ednh Hoa K\u1ef3 \u0111\u00e3 t\u0103ng g\u1ea5p \u0111\u00f4i gi\u1edbi h\u1ea1n tr\u00ean c\u1ee7a quy m\u00f4 mua l\u1ea1i tr\u00e1i phi\u1ebfu kho b\u1ea1c k\u1ef3 h\u1ea1n 10-30 n\u0103m l\u00ean 4 t\u1ef7 USD, g\u00e2y ra nh\u1eefng b\u1ea5t \u0111\u1ed3ng gay g\u1eaft tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1ec1 \"h\u1ed7 tr\u1ee3 ch\u00ednh s\u00e1ch\" v\u00e0 \"hi\u1ec7u qu\u1ea3 h\u1ea1n ch\u1ebf\". Nghi\u00ean c\u1ee9u v\u0129 m\u00f4 c\u1ee7a Wmax ch\u1ec9 ra r\u1eb1ng Bessent \u0111ang ph\u00e1 v\u1ee1 khu\u00f4n kh\u1ed5 truy\u1ec1n th\u1ed1ng c\u1ee7a B\u1ed9 T\u00e0i ch\u00ednh v\u1edbi giao d\u1ecbch t\u00edn hi\u1ec7u t\u1eadp trung theo ki\u1ec3u qu\u1ef9 ph\u00f2ng h\u1ed9, nh\u01b0ng ho\u1ea1t \u0111\u1ed9ng mua l\u1ea1i ch\u1ec9 c\u1ea3i thi\u1ec7n nh\u1eb9 t\u00ednh thanh kho\u1ea3n v\u00e0 kh\u00f4ng th\u1ec3 gi\u1ea3i quy\u1ebft c\u00e1c \u00e1p l\u1ef1c c\u01a1 b\u1ea3n nh\u01b0 th\u00e2m h\u1ee5t t\u00e0i ch\u00ednh, l\u1ea1m ph\u00e1t gia t\u0103ng v\u00e0 m\u1ea5t c\u00e2n b\u1eb1ng cung c\u1ea7u. L\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n cao v\u00e0 kh\u00f4ng \u1ed5n \u0111\u1ecbnh c\u1ee7a Hoa K\u1ef3 s\u1ebd l\u00e0 ti\u00eau chu\u1ea9n v\u00e0 logic ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n trong c\u00e1c danh m\u1ee5c ch\u00ednh s\u1ebd ti\u1ebfp t\u1ee5c \u0111\u01b0\u1ee3c c\u01a1 c\u1ea5u l\u1ea1i.<\/p>","protected":false},"author":1,"featured_media":11028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[121],"tags":[1589,1586,1588,1587,179,1590],"class_list":["post-11027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-1589","tag-1586","tag-1588","tag-1587","tag-179","tag-1590"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/11027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=11027"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/11027\/revisions"}],"predecessor-version":[{"id":11032,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/11027\/revisions\/11032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/11028"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=11027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=11027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=11027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}