The United States Minister of Finance, Scott Besent, defended the tumultuous price policy of President Donald Trump on Sunday, who shakes the world economy, as a means to create a “strategic uncertainty” to give the advantage in the United States.
From his return to the presidency in January, the US president imposed customs duties of at least 10% in most of the United States commercial partners and a separate surcharge of 145% in most Chinese products that enter the territory of the United States.
Beijing represents by establishing his own 125% surcharge in American products.
“No one is better than President Trump to create this lever effect,” insisted the secretary of the Treasury.
Leverage
The much greater customs tasks could enter the application in July, after a postponement announced by Donald Trump.
When asked about the progress of the commercial negotiations initiated by the Trump administration with the countries attacked by customs duties, Scott Besent has dodged, happy to say that certain negotiations “advanced very well, particularly with the Asian countries.”
At the moment, Washington has given priority to discussions with allied countries such as Japan, South and Switzerland.
In an interview published Friday by Time magazine, Donald Trump said discussions with China were being made to try to reach an agreement and hinted that the process could lead in the coming weeks.
He also said he had talked to his Chinese counterpart Xi Jinping on the phone, without specifying what date or content of the conversation.
Beijing, however, reaffirmed on Saturday does not carry out any commercial negotiation with the United States.
Scott Besent suggested that China could deny the existence of current discussions because “it is aimed at a different audience.”
Source: BFM TV
