Scott Payet refers to the edge of the United States in the battle of tariffs with the collapse of the Chinese economy

US Treasury Secretary Scott Payet submitted the update of the schedule for potential tariff negotiations with China on Thursday, with the American opponent reminded of its “destructive” economic expectations.

“We have seen some very poor numbers (gross domestic product) outside China yesterday. We now see very large estimates of loss of job growth from 5 to 10 million jobs. So the Chinese economy slows down greatly here. So, what we want to see first is an escalation.” “Morning with Maria.”

He added: “They are the most unbalanced and unbalanced economy in the history of the world, and they need to restore balance.”

A 125 % tariff on US imports and a 145 % tariff in America on Chinese imports “not sustainable on the Chinese side,” according to the Secretary who largely supported President Donald Trump’s executive order on April 2. The mutual definitions were placed On a group of different countries, they are accused by unfair commercial practices against the United States

Trump says that customs duties stimulate US investment, which harms China

Last week, Chinese officials claimed that they were not in any talks or negotiations with the Trump administration on the definitions, but they disturbed that a “big deal” could take place between competitors.

“The big deal that can be made here is that President Trump has redirect the United States towards a Manufacturing economyWe have returned to the force that has been criticized over the past few decades. Everyone knows that China needs to balance more consumption. “

“So if we can balance together, this will be the big deal. But in the meantime,” note, “We will drop unfair commercial barriers and prevent them from the agreements they had previously signed.”

In January 2020, the economic and trade agreement between the government of the United States of America and the government The People’s Republic of China It was passed as one stage aimed at alleviating tensions on intellectual property and transporting technology, goods and services.

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“Everything is on the table for the economic relationship. I am sure that the Chinese will want to reach an agreement.”

“The Chinese need to cancel this manufacture High tariffDue to the existence of the equivalent of the siege, the Chinese business model is built on selling cheap goods to the United States, which they sell more than five times more than we sell, “I have expanded.” Their factories are closed while speaking. We are going to the holiday season. Applications are submitted for that now, so if these requests are not submitted, it may be destroyed for the Chinese. “

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