The Treasury Secretary, Scott Bosent, discusses the possibility of a trade deal and the return of production to the country in “Kudlow”.
Treasury Minister Scott bet On Tuesday, the Trump administration will consider China's failure to comply with a commercial agreement from the first president when a new business deal is finalized.
Bosun was interviewed after the President's “Kudlow” Fox Business Business Network Donald Trump Increased Chinese import tariffs by 145 %, prompting China to slap US export tariff 125 %.
Hosts Larry Cutelu In response to the question of whether the business transaction with China since 2020, agreed to end the US trade war with China at the time, could be used as a starting point or whether the government is starting to negotiate.
“I think we should keep in mind that they did not adhere to the one -stage transaction and you know with great interest that the Biden government loves tariffs, but they did not implement the purchase agreements,” Basin said.
“Phase One” trade can be in new talks with China, “said Scott Bosent, the Treasury Minister. (Reuters / Elizabeth Franz / Reuters)
The “Phase One” trading transaction, signed in January 2020, stated that China would buy $ 200 billion in US exports during 2020 and 2021, although it was not very short and failed to import sufficiently from the United States to provide it. Preschool Import level since 2017.
Phase Business Transactions Another agreement, such as China, was committed to removing technical barriers to us Agricultural ExportsSupporting the intellectual property rights of US firms and ending the transfer of mandatory technology.
“Since then, trade with China has not been fair over the past four years,” Bosun added. “President Trump believes that economic security is national security. And we did a beta test for it when I think Americans were shocked to see vulnerability Chain For strategic cases such as drugs, such as semiconductor, steel. Therefore, one of the most important things we will do in the coming years is to strengthen the supply chain. “
Bosun says US tariffs can have 5-10 million jobs in China, “Onus” in Beijing
President Donald Trump and Chinese President Shi Jinping reached a “Phase One” trade agreement in 2020. (Xinhua / Ju Peng through Getty Images / Getty Images)
Bosun repeated that thinks Tariff in ChinaOne of the three major US business partners is not sustainable, and the two sides will eventually reach an agreement on their relief.
“As I said many times, I think these high tariffs are unstable. I believe that US buyers have done a significant amount of pre -setting, and now Chinese factories have to be closed,” Basin said.
“We have a deficit with them,” he said.
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Jodelo asked the Treasury Minister whether there was a progress in negotiating with China on a trade deal for ease of tariffs.
Bosun was postponed President TrumpSaying that the president will be involved with all business negotiations. Therefore, he will wait to allow him to announce these transactions.