US Treasury Secretary: US Not Rushing to Reach a Trade Agreement with China
US Treasury Secretary said on Monday that the Trump administration is more concerned about the quality of trade agreements than time limits. Previously, the US government had set August 1 as the deadline for reaching a trade agreement, otherwise, the relevant countries would face high tariffs.
US Treasury Secretary Scott Bassett said today in an interview with American CNBC: "We will not rush to reach a deal."
When asked about the possibility of countries negotiating with Washington extending the deadline, the US Treasury Secretary replied that President Trump would make the decision.
He added, "Raising the tariff deadline on August 1 will put greater pressure on the countries participating in the negotiations, prompting them to reach better agreements with the US."
Regarding the tariff trade negotiations with China, US Treasury Secretary Bassett said, "Further discussions will take place in the near future."
The party led by Japanese Prime Minister Ishiba Shigeru suffered a major defeat in the Sunday upper house election, losing its majority seats. Prime Minister Ishiba stated he would not resign and would continue to push forward the tariff trade negotiations with the US.
Regarding this, US Treasury Secretary Bassett said that Washington does not focus on Japan's domestic politics, but rather strives to secure the best possible trade agreement for Americans.
The tariff trade negotiations between Japan and the US have encountered difficulties. On July 7, President Trump announced that if the negotiations do not yield ideal results, he will impose a 25% tariff on imported goods from Japan starting August 1. The Japanese government is currently expecting communication with the US through contacts at all levels.
Original: https://www.toutiao.com/article/1838307349568522/
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