The Treasury Secretary sees ‘escalation’ in US-China’s trade relations


Treasury Secretary Scott Bessent revealed new details about the trading deal between the United States and China, now said that he was seen by De-Eskalation.

“This management is the same as the President Trump. We have peace deals, we have trade transactions, we have tax deals. We approached each other with mutual respect in relation to the second largest economy of the world, “he said in an interview “Mornings with Maria” Friday.

“Part of the agreement, which fell down tariffs and the rare earth, the rare earth, which is the basis of many industrial databases, was a rare earth’s magnets.

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“And now I am sure that the magnets will flow as agreed.

Scott stands behind Bessent Donald Trump

US Treasury Secretary Scott Bessent, US President Donald Trump, on April 9, 2025 in the Oval Department of the White House, signed management orders in the DC on the DC. (Getty Images)

About two weeks ago, after the talks in London, the United States and China They reached a “frame” Initially, to carry out a trade deal between the two sides in Geneva.

President Donald Trump, then to the truth, “We must not agree with China, President Xi and the final will be approved.”

Development Faced with 145% in Chinese goods in Chinese goods in April in April in April 145% in Chinese goods and 145% in Chinese goods, its tariffs. The United States and China declared In the 90-day rest In May, reduced the tariffs, but both sides accused each other in the deal.

“It is important to note here is the importance of trading for American workers for American workers. This is what happened throughout our trade partners,” Bessent said.

“Thus, in the first 100 days, we set a table for peace deals, trade deals and tax deals.” But this is the center of fair trade, which is not seen in the United States for 40 years. “

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Bessent noted that when it comes to China, the American could convince a strategic complaint or consuming more exports.

“China is 30% of the world’s production, and this is not sustainable,” he said. “So we will see that they want to be responsible for. As I mentioned, President Trump, Party Party Xi is very good, so it is very useful to be a leader there.”

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Fox’s work ‘Greg Norman contributed to this report.



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