.@SecScottBessent on tariffs: “We had a very successful bilateral meeting with the Republic of South Korea today. We may be moving faster than I thought — and we will be talking technical terms as early as next week.” pic.twitter.com/wZGl9Ug8cU
— Rapid Response 47 (@RapidResponse47) April 24, 2025
Furthermore, the Chinese government apparently asked local businesses to provide lists of important imports that ought to be taken into account for future exemption.
Responding to the news during a White House press briefing on Tuesday, U.S. Treasury Secretary Scott Bessent framed the action as a victory for the trade strategy of the government.
“I believe that eventually the Chinese tariffs will prove unsustainable for China,” Bessent remarked.
“Based on some really high figures over the past several days, Chinese could lose 10 million jobs very rapidly should these numbers remain on. And even if the tariffs decrease might result in lost five million jobs.
Bessent pointed out as a main reason China’s tariff recalculations occurred the unequal character of U.S.-China commerce.
