Tariffs could cost China 5-10 million jobs, ‘onus’ on Beijing, Bessent says

Treasury secretary Scott Betting: He said that China is in danger of losing millions of jobs, undergrowth between Beijing and the United States derives from tariffsA number

“I think that over time we will see that Chinese tariffs for China are unstable for China,” Bedent told reporters at the White House on Tuesday. “I have seen some many many many numbers in the past few days, which shows whether these figures remain, Chinese can lose 10 million jobs very quickly.

“So remember that we are a country of deficiency,” Bedent said. “They sell for us almost five times more products than we sell them. Thus, they will continue to get those tariffs. “

President Donald Trump Distributied tariffs have been announced on April 2 against a number of April 2 countries, after regular condemnation of trade in other countries, accusing them of being unjust trade tries against the United States.

Here’s more closely at the Trump Tariff Plan. What about new duties?

Secretary of the Treasury Scott Baseen shares during the briefing with the Spokesman for White House Caroline Levit, in 2025. April 29 in Washington. (Ap newsroom)

The administration later returned to its initial proposal and announced on April 9, and it will immediately stimulate the tariffs of Chinese goods to 145% more than 90% of mutual tariffs. In response, China began to raise its tariffs on US goods to 125%.

Batetent also announced the trade deal with India, and it is possible that other Asian countries could arise in the near future.

“They were more expected in terms of making transactions,” said Beyerent. “As I mentioned, last week Vice President Wens was in India. I think he and Moda have made very good progress.

Similarly, Beyinund said that the talks are being held in South Korea and Japan.

Here’s more closely at the Trump Tariff Plan. What about new duties?

US Vice President JD Vance gives announcements at the International Center for Rajastan, India in Gippur on April 22. The remarks of the vice-president focused on the general economic priorities of the United States and India. (Kenny Holston – Swipe / Getty Images / Getty Images)

JD Vance visited the Prime Minister of India Naryidra Modi in April, and the White House said on April 21 that a statement was “significant progress” between the two countries. ”

Click here to get Fox News program

“Vice President Vens highly appreciates the warm reception in India and respects Prime Minister Modi,” said Varti Spokesman Taylor Van Kirk in a statement on fox news. “The two leaders have made significant progress on the traditional deal between the United States and India. Strong US-India cooperation is important for our economies and the future of the world. “