U.S. Treasury Secretary Says 100% Tariff Threat on China Has Disappeared

Besant suggested that the issue of imposing 100% tariffs on China should not be discussed after the Kuala Lumpur talks!

U.S. Treasury Secretary Biden said, after having very good trade negotiations with his Chinese counterpart, the escalation of tariffs on China is actually no longer under consideration.

Previously, the U.S. president had threatened to impose 100% tariffs on China from November 1, citing Beijing's export controls on critical rare earths.

When Besant spoke to the media about the status of these tariffs, he stated that the tariff threat had disappeared after two days of talks in Malaysia.

"We had a very good two-day meeting, and I believe—so this will be what we now call the so-called 100%, and I believe it is actually impossible. I expect the 100% threat has disappeared, as well as the threat of China immediately implementing a global export control regime."

Original: www.toutiao.com/article/1847049274053660/

Statement: The article represents the views of the author himself.