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Treasury Secretary Scott Bessent, on Monday, said that the weekend trade agreement represents another stage that shook the trust of Chinese products.
It is impossible to “complain” from the need for cheap import from the United States to China, and the process is slow and the impossible break.
However, Bessent said there are special elements of complaints in places that are very important for the interests of the United States. The United States imported about $ 440 billion in China in 2024, in 2024 a $ 295.4 billion trade deficit.
“We do not want a generalized complaint from China,” he said, during the interview of CNBC, “he saidSquare box“But what we want is to make a complaint for strategic needs we cannot get during the Covid, and we have realized that effective supply chains are not strong supply chains. “
When the pandemic scored in 2020, the demand in the United States needed more attention to goods more than each other. It had more difficulty in obtaining material for many products, including large ticket devices and cars. The technology industry was also hit by reliability of semiconductors. It was followed that inflation growth in the United States has not been more than 40 years.
This Details of the US-Chinese pact It is still sketching, but US officials will say that the so-called reciprocal tariffs will be suspended.
“We will create our own steel. (Tariffs) protect our steel industry. They work on critical medicines and semiconductors.” “We do this and mutual tariffs have nothing to do with special industry tariffs.”
The agreement between the two parties, the 90-day break, 10% tariff to see that mutual tasks were suspended, as well as 20% related to Fentanyl was stopped.
Bessent said that Chinese officials have now promoted the issue of Fentanl to help us to help us to stop the flow of precursor. Bessent did not show a certain date The next round of talks will be held, but it should have been in the next few weeks.
