Treasury Secretary Scott Besant discussed the possibility of a business deal and brought back construction in the country on ‘Kudlo’.
Treasury Secretary Scott Besant On Tuesday, the Trump administration took into consideration the lack of compliance with a business deal from the President’s first term, when it finalizes a new business deal.
Besant was interviewed on “Kudlo” of Fox Business Network after President Donald Trump The tariff on sugar imports raised the tariff above 145%, slapping 125% tariffs on US exports to the country.
Host Larry Kudlo Asked whether a trade deal with China since 2020, when agreed to end the US trade war with China, could be used as an early point or if the administration will interact with a new beginning.
“I think we have to keep in mind that those steps do not follow a deal and, you know, I pay great interest that the Biden administration liked the tariff, but he did not implement the purchase agreements,” Besant said.
Treasury Secretary Scott Besant said that “phase one” trade deal could be a factor in a new conversation with China. (Reuters / Elizabeth Frontz / Reuters)
Signed in January 2020, “Phase A” Business deal signed China will buy an additional $ 200 billion of $ 200 billion in US exports in 2020 and 2021, although it was well reduced from those levels and was unable to import sufficient from the US to meet it. Pre-trade war Import levels from 2017.
Other agreements were also shown in the stage one business deal, such as China is committed to removing technical obstacles for us. Agricultural exportProtecting intellectual property rights of American firms and ending forcible technology transfer.
“Since then, in the last four years, the business has not become fair with China,” Besent said. “President Trump believes that economic security is national security. And we received a beta test for it during Kovid, when I was surprised to see American’s vulnerability Supply chain For such strategic things, semiconductors, as steel as drugs. Therefore, one of the most important things we will do in the coming years is strengthening the supply chain. ,
US tariffs can spend China in 5-10 million jobs, ‘Onas’ on Beijing, Besent.
President Donald Trump and Chinese President Xi Jinping reached the “Charan one” trade deal in 2020. (Through Xinhua / Zoo Peng Getty Image / Getty Image)
Bessent reiterated that he thinks Tariff on chinaOne of the three largest American trading partners, not durable, and both sides will eventually come on an agreement to make them easier.
“As I have said many times, I think these high tariffs are unstable. I believe American buyers have pre -ordering in sufficient amounts, and now factories are closing in China.
He said that “we have a loss with them. The surplus country is always more suffering, and they sell us about five times more than selling us.”
Scott Ladner, Chief Investment Officer of Horizon Investment, discussed how President Donald Trump’s tariff ‘Morning with Maria’ is impressing the markets.
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Kudlo asked the Treasury Secretary whether there was any progress in a conversation with China on a business deal to reduce the tariff.
Postponed for President TrumpSaying that the President is going to join all business talks. Therefore, he will wait to announce those deals.
