Treasury Secretary Scott Besent called on ‘Kudlo’ to investigate the Federal Reserve.
Treasury Secretary Scott Besent said on Thursday that trade relations between the US and China are getting stable in such a way that the Trump administration can change some of its attention widely Economic issues with Beijing,
Bessent was interviewed by the Fox Business Network.Kudlo“And when the trade tension with China increased to a great extent after the President’s” Liberation Day “tariff was increased, they have settled to allow exact economic dialogue with China.
“After April 2, we came to a tight-for-tat-we were in 145% tariffs, they were at 125%, which is actually an embarrago,” Besent told host Larry Kudlo. He said that after negotiations in Geneva, US tariffs are up to 30% on China, with 20% tariffs left from Trump’s first term, while China has a 10% tariff on US exports. The “trade is in a good place” between the two countries.
Treasury Secretary Scott Besant said that the US and China have made good progress on trade, so the upcoming negotiations will pay more attention to China’s economic imbalance. (Photo by Al Drago / Getty Image / Getty Image)
“I think we are going to be able to proceed to the need to revolt on the big issue of China,” Besent said. “It is the most unbalanced, unbalanced economy in the history of the world.”
He said, “They are now responsible for 30% of global manufacturing, it is unstable. They have a real estate recession, many people will call it a crisis. Manufacturing has slipped and they cannot export their economic problems to the rest of the world, need to solve them,” he said.
“One of the ways to solve them is to create a consumer economy, and we’ll talk about it,” Besant said about the huge Chinese economy Dependence on manufacturing,
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Treasury Secretary Scott Besant and Chinese Vice Premier He gave Lifeng Pose with his trade talks teams in London on June 9, 2025. (United States Treasury / Handout Reuters / Reuters)
Treasury Secretary also said that Trump administration Russia’s attack on Ukraine and Iran’s nuclear program, as well as its support for terrorism, will pressurize the Chinese government to curb the purchase of Russian and Iranian oil to curb the purchase of Russian and Iranian oil to help Iran pursue with its support for terrorism.
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“We will talk about the fact that they buy approved Iranian oil, Russian oil. You know, if they stop those purchases for 3 or 6 months, I think the Russian war machine will be grinded to a stop, Iran’s conversation will be very easy, so we have got things completely,” Besant said.
