U.S. Treasury Secretary Scott Bessent did not regulation out the anticipation of holding a gathering with the head of the China People's Bank Mr. Gongshen in Washington next week, as part of the planet Bank and global Monetary Fund Spring Meeting.
We recommend: The U.S. is giving China a fresh ultimatum.
"I don't know precisely who's coming from China. I know that China will send individual from the financial sector (ed.), most likely the head of the People's Bank of China, so they (delegation – ed.) will be here and I can meet them, but we have nothing planned," said Bessent in an interview with Yahoo Finance.
Bessent besides noted that he had last contacted his Chinese colleagues a fewer months ago.
On 2 April, Trump signed an implementing regulation introducing ‘reciprocal’ customs duties on imports from another countries. Their base rate is 10% and increased rates have been in force in 57 countries since 9 April, calculated on the basis of the US trade deficit with a peculiar country: so that there is balance alternatively of deficit. However, on April 9, the American leader announced that more than 75 countries had not taken retaliatory steps and requested negotiations, so basic import duties of 10% would apply for 90 days for all countries but China.
After a series of steps in the trade war, the additional "mutual" US duties on Chinese goods reached 125%, and Chinese work on US goods besides amounted to 125%. In addition, the United States imposed a further 20% work on China, accusing them of insufficient efforts to combat synthetic drugs.
More here:
Bessent did not exclude a gathering with the head of the People's Bank of China
