China’s retaliatory tariff angered US Treasury Secretary

reports Mehr News Agency (Scott BESS), US Treasury Secretary, said Wednesday that China’s action to impose a 5 % retaliatory tariff against the United States was unfortunate and is a recessive proposition for Beijing.

“I think it is unfortunate that the Chinese really don’t want to come and negotiate, because they are the worst offenders in the international trade system,” the US Treasury Secretary said in an interview with Fox Business.
“Pedle =” Text-Align: Justify “>” Scott Bosent “claimed that allies want to discuss how to re-balance China’s business policies.

he claimed: The great victory is here. The United States is trying to bring balance toward more production. China should bring balance to more consumption!

Bosent also warned Beijing to strive to devalue his money as a way to respond to new tariffs, adding: “If China starts to devalue its currency, this is a tax on the rest of the world and everyone should continue to increase their tariffs to compensate for the devaluation.” So I ask them not to do it and come to the negotiating table.

This US official did not reject the removal of Chinese stocks from the US Stock Exchange and claimed that all options were on the table.

It is said that after the US imposed new tariffs against China, Beijing also announced hours ago that it had imposed more customs tariffs on US goods.

According to the Chinese Ministry of Finance, new tariffs will be implemented tomorrow (Thursday, April 6).

US President Donald Trump announced Tuesday evening that US tolls are applying to 5 % today, and now Beijing’s retaliatory action reflects the intensification of the direction of the world’s two economic powers.