Pisent says that the United States will weigh China’s failure in the commercial deal “first stage”

Treasury Secretary Scott bet He said on Tuesday that the Trump administration will take into account the Chinese lack of compliance with a commercial agreement from the first president’s mandate when it ends the finishing touches on a new trade deal.

Bessent was interviewed on “Kudlow” for Fox Business Network after the President Donald Trump The customs tariff for Chinese imports raised up to 145 %, prompting China to slap 125 % on US exports to the country.

Larry Kudlo host When asked whether the first trade deal with China since 2020, which was agreed to end the American trade war with China at the time, can be used as a starting point or if the administration will take negotiations with a new start.

“I think we have to take into account that they did not abide by the first stage deal, as you know, and I note with great interest that the Biden administration liked the definitions, but it did not implement the purchase agreements,” Pesen said.

Chinese caves on a 125 % tariff for the main American export after the White House expects that Beijing cannot keep up with it

China will buy the “first phase” signed in January 2020, an additional $ 200 billion in US exports over 2020 and 2021, although it was less Pre -Trade war Import levels from 2017.

The commercial deal for the first stage was also distinguished by other agreements, such as China’s commitment to removing technical barriers in front of us Agricultural exportsProtecting intellectual property rights for American companies and ending forced technology transfers.

“Since then, over the past four years, trade has not become more fair with China,” Bessin added. “President Trump believes that economic security is national security. We got a pilot test for that during Covid, when I think the Americans were shocked to see weakness Suppliers For strategic things like medications, such as semiconductors, steel. So, one of the most important things we will do in the coming years is to enhance the supply chain. “

American definitions can cost China 5-10 million jobs, “responsibility” on Beijing, Pesin says

Pesin repeated that he believed Definitions on ChinaOne of the three largest commercial partners in the United States, is not sustainable, and the two sides will eventually reach an agreement to reduce them.

“As I said many times, I think these high definitions are not sustainable. I think American buyers have made a great deal of pre -arrangement, and now factories in China have to close. I saw some very big estimates to lay down potential workers if these definitions are in place,” said Besent. “

He added, “We have a deficit with them.

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Kudlo, Treasury Secretary, asked whether there was any progress in negotiations with China on a commercial deal to alleviate the definitions.

Bessent deferred for President TrumpSaying that the president will participate in all commercial negotiations. Therefore, he will wait to allow him to announce these deals.