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Minister of Finance Scott betting The American trade representative Jamieson Greer will also meet with her Chinese colleagues over the weekend in Switzerland to talk about economic matters, which is a significant first step in trade interviews between the two global superpower because President Donald Trump has announced that they take care of Tariffs on “Liberation Day”.
Bessent said “Ingraham corner“In an interview on Tuesday, he planned to travel to Switzerland to negotiate with the Swiss and revealed that the Chinese team would also travel Europe.
He did not expressly mention which side called the other, saying that “over time there was” a lot of contact points. “
Chinese economic troubles threaten to real war in the middle of a tariff battle
US President Donald Trump, along with Scott Treasury Secretary (L) and candidate for the Howard Lutnick (R), says the print while signing an executive order to create an American sovereign wealth fund, in the oval office of the White House, 2025, in Washington, DC. (Photo Jim Watson/AFP via Getty Images)
“The world is coming to the US, and China has disappeared a piece,” said Bessent Handcuffs Host Laura Ingraham.
The White House is trying negotiate on trade agreements With numerous countries after Trump published a 90-day break in most of the so-called reciprocal tariffs in April, excluding China, which faces 145% tariff.
“We shared interests. It is not sustainable, as I said before, especially on the Chinese side – and, and, 145%, 125% is an equivalent of an embargo. We don’t want to separate – what we want is a fair store,” said Bessent.
Ever since the break has been carried out any trade agreement. Said the Treasury Secretary on a Print briefing in the White House Last week that the United States had significant conversations with Japan and an agreement with India could be immediate.
Fox News graphics showing how countries responded to President Donald Trump tariffs. (Fox News / Mandel and / AFP
Sen Rand Paul: Distinate Trump’s tariffs before it is too late
Tariff Trump has created volatility in the financial markets since his announcement “Liberation Day” on April 2. The president asked the voters Stay patient As its economic plan is formed, after the economy is 0.3% of contraction in the first quarter of 2025.
Bessent told Ingraham that he expects a renovated appointment with Chinese officials more about deescalation than a major trade agreement.
“We have to make ourselves happen before we move forward,” he added.
Trump is in an interview with the NBC “Meet the press” Kristen Welker that they will have to at some point Reduce the tariff on China “Because otherwise, you could never do business with them.”
“They want to do a lot of business … their economy collapses,” he said.
The elected President Donald Trump speaks in American, on Sunday, December 2, 2024, in Phoenix. Trump announced two Ambassador Nominations on Tuesday. (AP Photo/Rick Scractors)
Bessent did not discuss potential changes in the percentages of tariff, saying he would not negotiate in public, but stated that “everything was on the table.”
“At the end of the day, the president said he was happy only that he gave all the countries a number if the negotiations did not go well, and we do it with the other 17 important shopping partners,” he explained.
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“You can negotiate in good faith, you can come with your game, or President Trump is happy to pull the number to the number to Your number 2. AprilIf you do not want to reduce the tariffs, your non-Tariff trade barriers, the manipulation of the currency and the subsidies of work and industry. ”
