Socat Bessent, responsible for the US Treasury, also stated that no one finds the rates of the 2 sustainable countries
United States Treasury Secretary Scott Bessent said on Monday (14.br.2025) that an agreement between the White House and China on tariffs should be sewn “At some point”. The statement was made in an interview with Bloomberg.
Bessent said US presidents Donald Trump (Republican Party), and China, Xi Jinping (CCCH), have a relationship “Very good”. According to him, a way out will be found, because the rates in current levels “They are not sustainable”To none of the countries.
“These tariffs are no joke, these numbers are very high. No one thinks they are sustainable and want them to continue.”said the secretary.
Currently, the US is applying an import rate of 145% over Chinese products, while China has reached the measure of Americans with a 125% tariff.
Trump rates
The US leader has made several decisions and caused comings and goings regarding his tariff policy against other countries. This situation created uncertainty in the markets.
Trump had determined commercials on April 2. On Wednesday (9.abr), it decided to temporarily limit rates to 10%, minimum value of the protectionist policy – except for China.
The Republican relieved the cargo to some nations, such as Japan and the countries of the European Union. However, those who already had the taxation at 10% –This is the case of Brazil.
For China, the Republican increased the rate from 104% to 145%, under the justification that the Asian nation retaliated the US government. Here’s the chronology:
- – Trump applies 10% rates to China;
- – Asian country applies rates up to 15% to some products;
- – United States raise the rate to 34%;
- – China also responds with 34%charging;
- – Trump announces that it will raise Chinese rate for 104%;
- – China retalia and increases to 84%;
- – Trump raises to 125%;
- – White House clarifies that total taxation against China is 145%, because the 125% add to 20% in March;
- – Asian country also imposes 125%;
- – Trump announces exemption from rates for telephone, computers and chips.
The Shanghai Exchange also accumulates fall in 2025. The index fell 3.39% since January.
