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Treasury Secretary Scott Bessent discusses the possibility of a trade deal and discuss the return of production to the country in Kowlow.
Secretary of the Treasury Scott bet On Tuesday, Trump management, when the new trade agreement concludes, said he took into account the fact that the president does not comply with a trade deal.
After the president of the Fox Business Network, Kudlow was interviewed on “Kudlow” Donald Trump 145% of Chinese imports have grew upwards, and China called on 125% to punch tariffs in exports to the United States.
Host Larry Kudlow During this period since 2020, it can be used as a trade in 2020, which has been agreed to end with China with China, it can be used as a starting point or a new start.
“I think we must take into account the mercy of an agreement and know that I have noted the great interest of the liking of the Biden management tariffs, but I am not interested in the purchase agreements,” he said.
Chinese caves predicts Beijing in 125% of the United States for major exports after the White House
Treasury Secretary Scott Bessent said that the Stage Trade Deal could make a factor in new negotiations with China. (Reuters / Elizabeth Frantz / Reuters)
The Phase One trade agreement signed in January 2020, China, 2020 and 2021, the United States will receive $ 200 billion in exports from the United States to 2021 and could not import it to meet with it trade war Import level since 2017.
Phase a trading deal also demonstrated other contracts such as China to overcome technical barriers to us Agricultural exportsProtect the intellectual property rights of US companies and finish the transfers of compulsory technology.
“Since then, in the last four years, trade has never been more fairer with China,” he said. “President Trump believes that economic security is a national security. During our cinem, we received a beta test for this when they are shocked to see the sensitivity of Americans procurement chain Semiconductors for such strategic things like medication, like steel. Thus, one of the most important things we will do in the coming years, strengthens the supply chain. “
Bessent says US tariffs can cost 5-10 million jobs to China, “Onus”
President Donald Trump and Chinese President Xi Jinping reached the “Stage one” trade agreement in 2020. (Through Xinhua / Ju Peng, Getty Images / Getty Images)
Bessent reiterated what he thought Tariffs in ChinaOne of the three largest trading partners in the United States is not sustainable and the parties will eventually agree to facilitate them.
“As I said many times, I think these high tariffs are unstable. I believe that the US buyers ordered a large number of orders and now the factories in China have seen factories in place.”
“We have a deficit with them. The country already suffers more and sells five times more than we sold us.”
Horizon Investments General Investment Officer Scott Ladner, President Donald Trump discusses the markets on “Mornings with Maria”.
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Kudlow asked the Treasury Secretary that there was progress in talks with China on a trade agreement to alleviate tariffs.
Bessent was postponed President TrumpHe said the president would be related to all trade talks. Thus, he will wait to allow these deals to declare.
