U.S. Treasury Secretary: Japan has been at the forefront of countries eager to negotiate
Beserete told CNBC in an interview that the purpose of the Trump administration imposing "reciprocal tariffs" is to bring trade partners to the negotiating table and bring jobs back to the United States. He claimed that so far, Japan has been at the forefront of countries eager to negotiate, and the White House expects more countries to join the negotiating team.
Bezerte said, "I think you will see some countries with huge trade deficits stepping forward soon. If they come to the negotiating table with credible proposals, I believe we will eventually reach some good agreements." The U.S. Treasury Secretary said that Washington ultimately hopes to create jobs and income through tariffs.
Bezerte said, "If we set up tariff barriers, the ultimate goal is to bring job opportunities back to the United States. But at the same time, we will collect a lot of tariffs. If we succeed, tariffs will become melting ice blocks to some extent, because when you build manufacturing facilities in the United States, you will earn income, and there should be a certain degree of symmetry between the taxes we start collecting and the new industries generated from wage taxes as tariffs decrease."
Trump hopes to open more markets for American products and transfer manufacturing businesses to the United States through tariff measures. However, the White House is not only focusing on the absolute level of tariffs in other countries but also non-tariff barriers such as currency manipulation, value-added tax in Europe, and other methods that Trump believes harm fair trade.
Bezerte said, "Everything is on the table. Academic literature shows that non-tariff barriers are actually harder to quantify and ... they are more hidden because they are concealed and obscure." After Bezerte made these remarks, Wall Street stocks opened strongly on Tuesday, with stock futures gains expanding.
Source: rfi
Original article: https://www.toutiao.com/article/1828851393181892/
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