Trump Tariff's Pause Humiliating For U.S? Treasury Secretary Scott Bessent On 70 Nation Deal
Video Credit: Oneindia - Duration: 14:51s - Published
Trump Tariff's Pause Humiliating For U.S? Treasury Secretary Scott Bessent On 70 Nation Deal
Treasury Secretary Scott Bessent revealed that the U.S. is gearing up for 70 tariff negotiations with foreign governments following the Trump administration's sweeping overnight tariff hike.
Speaking at the American Bankers Association, Bessent hinted these tariffs are a ceiling—unless countries retaliate.
He warned nations not to pivot towards Beijing to replace lost U.S. trade.
As Bessent cancels Easter plans, Washington braces for a diplomatic traffic jam, signaling a tense chapter in Trump’s hardline trade strategy, now supercharged with global economic consequences and increasing strategic pressure on allies.
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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Tariff War: Treasury Secretary Scott Bessent addressed pressing concerns about supply chain shocks and progress on trade deals with key Asian allies. Amid declining Chinese cargo shipments, Bessent dismissed fears of disruptions, praising U.S. retailers’ preparation. He hinted at imminent trade announcements with India and ongoing negotiations with South Korea and Japan, emphasizing that election cycles abroad are accelerating—not delaying—talks. Bessent characterized India as an “easier” partner due to its transparent tariff regime. The conversation reflects rising urgency in reshaping global trade relationships amid shifting geopolitical currents.
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As Chancellor Rachel Reeves meets her counterpart, US treasury secretary Scott Bessent to discuss an "economic agreement" between the two countries, the latest.. Sky News
President Trump signals a potential rollback of his steep China tariffs, saying they’ll “come down substantially, but won’t be zero.” His comments follow Treasury Secretary Scott Bessent’s prediction of a “de-escalation” in the trade war, calling current rates unsustainable. Trump imposed 145% tariffs on Chinese goods, prompting 125% retaliation from Beijing. As markets rebound and interest rate fears rise, insiders suggest change is coming—but Trump insists, “We’re doing fine with China.” Is a new phase of U.S.-China trade about to begin?
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Spain's Pedro Sánchez aims for closer trade ties with China amid US tariffs uncertainty
Washington has criticised Spain's outreach to China with Treasury Secretary Scott Bessent saying cosying up to Beijing is like 'cutting your own throat.'
READ MORE : http://www.euronews.com/2025/04/10/spains-pedro-sanchez-aims-for-closer-trade-ties-with-china-amid-us-tariffs-uncertainty
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Credit: euronews (in English) Duration: 01:20Published
President Trump indicated that tariff discussions with India are progressing positively, raising hopes for a potential agreement. Both nations are actively.. IndiaTimes
D.L. Hughley says any Black person who visits President Donald Trump in the White House doesn't understand or care about Black issues ... specifically tearing.. TMZ.com
After a deadly attack in Kashmir that killed 26 people, China has urged India and Pakistan to show restraint and seek peaceful resolution. Chinese Foreign Minister Wang Yi stressed that conflict benefits no one, offering Beijing's support for de-escalation. Iran and Saudi Arabia have also stepped in, offering to mediate between the two rivals. As hostilities rise, India has expelled diplomats, suspended treaties, and closed borders, while Pakistan retaliated with its own measures. Global concern is growing over the threat of escalating conflict in South Asia.
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President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident that a deal is imminent in the coming weeks. He indicated a "number" that would make China comfortable, but the tariffs continue to cause market uncertainty and global recession fears. With China offering exemptions for critical goods, businesses hope these measures will ease tensions and stabilize supply chains. But, Beijing is prepared for a long-term fight if necessary.
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Trump claims meeting with China after Beijing denies any trade negotiations
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
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Credit: euronews (in English) Duration: 01:16Published
China has deployed its aircraft carrier Shandong and an electronic surveillance ship to the Western Pacific in a direct response to the US-Philippines Balikatan drills and the unprecedented deployment of ship-sinking missiles in Luzon Strait. The US Navy's USS Nimitz is also active in the region. Beijing warned that any military collusion targeting China’s interests will face consequences. With 9,000 US and 5,000 Filipino troops participating, tensions in the South China Sea are at a boiling point, signaling a potential confrontation in the Taiwan Strait corridor.
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U.S. Treasury Secretary Scott Bessent has admitted that the ongoing tariff war with China, sparked by President Donald Trump's massive 245% tariffs, is "unsustainable."..
U.S. Treasury Secretary Scott Bessent has admitted that the ongoing tariff war with China, sparked by President Donald Trump's massive 245% tariffs, is "unsustainable."..
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