Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock Watch Bulletin Free from White House
Trump’s second term Washington, your guide for what tools for business and world
The US Treasury Secretary Scott Bessent, the interaction of any escalation in the US-China trade war, warned that President Donald Trump will have to deny the proposals to unilaterally cut off Chinese goods.
Speaking to journalists on Wednesday, Bessent said, “There will be the escalation of both sides, because the United States warned Trade War was “not sustainable”.
Bessent, the United States and China are a high level of high-level tariffs that are applied to each other, he said. Trump applied 145 percent payments to Chinese goods and Beijing has retaliated with 125 percent of the position.
“The break between the two countries in trade is not in the interests of anyone.”
When the United States asked China to increase trade tensions, Bessent replied: “I’m not at all.”
When it follows Wall Street magazine on Wednesday, Trump said he thought unilaterally tariffs In China.
Asked on Wednesday, how could US tariffs for China, Trump said to journalists “depend on them.”
Answering a question about the influence of 145 percent of the 145 percentage tariff for the Chinese goods, Trump answered: “No”.
“This is a high tariff, but I have not brought it,” he said. “It means that China does not do anything with us. Because it is a very high thing.”
Trump added that the United States and China were in direct contact with “every day”. Authorities have work-level signs for the past few months, but there were no negotiations on trade.
US shares returned some of the earnings behind Bessent’s comments, the blue-chip S & P 500 ending 1.7 percent in New York. Tech-Heavy Nasdaq composite won 2.5 percent.
Both index Trump sold on Monday in connection with the concerns fired by the US Federal Reserve Chairs Jay Powell. On Tuesday, the presidential markets convinced him that he was “intention.”
“Uncertainty and inconsistency is economic poison,” he said. “In an infinitely, this White House has made a salty saline with a grain with a grain with a grain.”
Bessent warned that the two countries did not hold any trade talks. Sources familiar with discussions in Washington and Beijing said that China’s Trump’s tariffs looked as a form of economic violence and will not surrender.
“Both sides are waiting to talk to the other.”
In connection with China’s position, US tariffs asked for the position that Trump, Trump, “China is charging mass fares for many years.” Now we are reverse. “
Bessent, two weeks ago at the JPMorgan conference, investors told investors that the sea container reservations from China decreased by 64 percent.
“This is a blessing, but also the most powerful connection,” he said. “Thus, President Xi (Jinping) and President Trump are among the Trump and openly, no talks will begin in any escalation, so I do not have time.”
Trump said he wanted to negotiate with the XI, but the officials of both parties said they did not consider the officials of both sides, they did not consider a single summit until the possible trade deal.
One person familiar with the situation, Walmart and the main leaders of the target, tariffs are trading with trade trading at the White House meeting on Monday.
He stressed that New York Investor, Bessent and Trump are very difficult to comment. “Heck knows how much weight (Bessent’s comments on Powell in Powell’s Powell),” he said. “Sunday forever Yo-Yo.”
