{"id":2163,"date":"2025-05-07T00:53:08","date_gmt":"2025-05-07T00:53:08","guid":{"rendered":"http:\/\/www.phithuongbatphu.com\/?p=2163"},"modified":"2025-05-07T01:30:17","modified_gmt":"2025-05-07T01:30:17","slug":"scott-bessent-says-us-doesnt-want-to-decouple-from-china-ahead-of-scheduled-meeting-with-chinese-counterpart","status":"publish","type":"post","link":"http:\/\/www.phithuongbatphu.com\/index.php\/2025\/05\/07\/scott-bessent-says-us-doesnt-want-to-decouple-from-china-ahead-of-scheduled-meeting-with-chinese-counterpart\/","title":{"rendered":"Scott Bessent says US doesn't want to decouple from China ahead of scheduled meeting with Chinese counterpart"},"content":{"rendered":"

Treasury Secretary\u00a0Scott Bessent<\/u><\/a> and U.S. Trade Representative Jamieson Greer will meet with their Chinese counterparts over the weekend in Switzerland to discuss economic matters, a significant first step in trade talks between the two global superpowers since President Donald Trump announced sweeping tariffs on “Liberation Day.”<\/p>\n

Bessent told “The Ingraham Angle<\/a>” in an interview Tuesday that he was planning on traveling to Switzerland to negotiate with the Swiss and found out that the Chinese team would also be traveling through Europe.\u00a0<\/p>\n

He did not explicitly mention which side called the other first, saying there were “a lot of contact points over time.”<\/p>\n

CHINA’S ECONOMIC WOES THREATEN REAL WAR AMID TARIFF BATTLE<\/strong><\/a><\/p>\n

“The world has been coming to the U.S. and China has been the missing piece,” Bessent told Fox News<\/a> host Laura Ingraham.\u00a0<\/p>\n

The White House has been attempting to\u00a0negotiate trade deals<\/u><\/a> with numerous countries after Trump announced a 90-day pause in April on most so-called reciprocal tariffs, excluding China, which faces a 145% tariff.<\/p>\n

“We have shared interests. This isn’t sustainable, as I said before, especially on the Chinese side \u2014 and, you know, 145%, 125% is the equivalent of an embargo. We don’t want to decouple \u2014 what we want is fair trade,” Bessent said.<\/p>\n

No trade deals have officially been announced since the pause was implemented. The Treasury secretary said at a\u00a0White House press briefing<\/u><\/a> last week that the United States has had substantial talks with Japan and a deal with India could be imminent.<\/p>\n

SEN RAND PAUL: TERMINATE THE TRUMP TARIFFS BEFORE IT’S TOO LATE<\/strong><\/a><\/p>\n

Trump\u2019s tariffs have created volatility in financial markets since his “Liberation Day” announcement on April 2. The president asked voters to remain patient<\/a> as his economic plan takes shape, following the economy’s 0.3% contraction in the first quarter of 2025.<\/p>\n

Bessent told Ingraham that he expects the upcoming scheduled meeting with Chinese officials will be more about de-escalation than a big trade deal.<\/p>\n

“We’ve got to de-escalate before we can move forward,” he added.<\/p>\n

Trump said in an interview with NBC\u2019s “Meet the Press” with Kristen Welker that at some point he would have to\u00a0lower the tariffs on China<\/u><\/a> “because otherwise, you could never do business with them.”<\/p>\n

“They want to do business very much\u2026 their economy is collapsing,” he said.<\/p>\n

Bessent did not discuss potential changes in tariff percentages, saying he wouldn\u2019t negotiate in public, but stated that “everything is on the table.”<\/p>\n

“At the end of the day, the president has said that he’s happy just to give all countries a number if the negotiations don’t go well, and that’s what we’re doing with the other 17 important trading partners,” he explained.<\/p>\n

“You can negotiate in good faith, you can come with your A game, or President Trump is happy to ratchet the number back up to\u00a0your April 2 number<\/u><\/a>, if you don’t want to decrease your tariffs, your non-tariff trade barriers, the currency manipulation and subsidies of labor and industry.”\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Treasury Secretary\u00a0Scott Bessent and U.S. Trade Representative Jamieson Greer will […]<\/p>\n","protected":false},"author":1,"featured_media":977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-2163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us"],"_links":{"self":[{"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/posts\/2163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/comments?post=2163"}],"version-history":[{"count":1,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/posts\/2163\/revisions"}],"predecessor-version":[{"id":2164,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/posts\/2163\/revisions\/2164"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/media\/977"}],"wp:attachment":[{"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/media?parent=2163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/categories?post=2163"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.phithuongbatphu.com\/index.php\/wp-json\/wp\/v2\/tags?post=2163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}