scott bessent china tariff

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China, Scott Bessent and tariffs

US tariffs could cost China 5–10 million jobs, 'onus' on Beijing, Bessent says

The administration later walked back its initial proposal, and announced April 9 it would immediately hike tariffs on Chinese goods to 145%, but scale back reciprocal tariffs on other countries for 90 days to a baseline of 10%. In response, China proceeded to boost its tariffs on U.S. goods to 125%.

U.S. News & World Report · 7h

Bessent Says China Could Lose 10 Million Jobs From Tariffs

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent predicted on Tuesday that China could lose 10 million jobs quickly due to tariffs and that Beijing will see over time that Chinese tariffs are not sustainable.

AOL · 2h

Scott Bessent says China could lose 10 million jobs 'very quickly' if tariffs don't drop

Treasury Secretary Scott Bessent on Tuesday said the onus is on China to bring down its tariffs as he outlined how many jobs the world's second-largest economy stands to lose in a trade war.

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U.S- China Trade War: Scott Bessent Drops BOMBSHELL in China Tariff Clash—Hints at Major Fallout

U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing ...

Bessent Declines to Say Whether Trump Has Spoken to China's Xi

Treasury Secretary Scott Bessent declined to say whether the U.S. and China are in direct negotiations over tariffs and if President Trump has been in touch with President Xi. "They have a different ...

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Treasury Secretary Scott Bessent defends the 'strategic uncertainty' of Trump's trade talks: 'Nobody's better at creating this leverage'

Scott Bessent told ABC News on Sunday that some of the countries looking to negotiate with Trump should curb their ...

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Bessent announces no new trade deals, hints India close

Treasury Secretary Scott Bessent announced no new tariff deals with major trading partners Tuesday but hinted negotiations ...

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US, China tariffs both need to fall for trade talks to start, Bessent says

U.S. Treasury Secretary Scott Bessent said on Wednesday that he believes that excessively high tariffs between the U.S. and ...

Bessent on Trump Tariff Strategy: "In Game Theory, It's Called Strategic Uncertainty"

Treasury Secretay Scott Bessent described President Trump's strategy in his tariff campaign as "strategic uncertainty" during ...

Axios on MSN5d

Bessent: Status quo with China unsustainable, but no unilateral tariff cuts

The trade war with China is "unsustainable" in its current form, Treasury Secretary Scott Bessent said Wednesday, but the U.S ...

China Holding Fire on Stimulus Despite Tariff Hits

President Trump has paused some tariffs on other countries and announced exemptions for some products, and a softened tone on China recently has raised some hopes that a trade deal with Beijing could ...

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