Bessent says the tariffs can understand 5-10 million jobs to China, “Onus”

Secretary of the Treasury Scott bet China has been in danger of losing millions of businesses that increase tension between Beijing and the United States stems from tariffs.

“I think we will see that Chinese tariffs are inaccurate for China over time,” he said, “Journalists in the White House on Tuesday. “I saw a large number of large numbers in the last few days, if these numbers continue, the Chinese may lose 10 million jobs. Even if there is a drop in the tariffs where they can lose 5 million jobs.

“So remember that we are in the country of shortcomings,” he said. “They sell more than five times more goods than we have sold. Therefore, it will begin to take these tariffs. They are not suitable for them.”

President Donald Trump He announced a common tariffs against a number of countries on April 2 after charges of condemning trade experiences of other countries regularly and engaged in unfair trade experiences against the United States

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Treasury Secretary Scott Bessent White House spokesman Karolin Leavitt, on April 29, 2025, Spokesman Karoline Leavitt in Washington. (AP Newsroom)

The administration later retrieved its initial offer and will increase to 145% of Chinese goods in April 9, but will increase mutual tariffs to 10% in other countries. In response, China continued to increase the tariffs to 125% to US goods.

Bessent also signaled a trade contract with India and perhaps a trade agreement with other Asian countries, may appear in the near future.

“They are those who oppose the deal in terms of seeing deals.” “As I mentioned, President Vance was in India last week. I think he and the Modi made some good progress. Therefore, I could see some ads in India.”

In the same way, Bessent, talks are moving forward with South Korea and Japan.

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The US Vice President JD Vance records notes in Jaipur, India in Rajasthan International Center on April 22, 2025. The vice president’s opinions were directed to the US and India’s economic priorities. (Kenny Holston – Pool / Getty Images / Getty Images)

Vice President JD Vance visited the Prime Minister Narendra Modi in April and said, “Significant progress” between April 21, the two countries, “said a way to a road map about joint economic priorities.”

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“Vice President evaluates the warm welcome in India and Prime Minister Modi is deeply honored,” said Vance’s spokesman Taylor Van Kirk, Fox News said in a digital statement. “The two leaders developed vital in the U.S. and India. The strong US-Indian partnership is critical to our economies and the future of the world.”