On Wednesday in the “Mornings with María” of FBN, the secretary of the Treasury, Scott Besent, argued that the efforts to counteract the American tariffs with more retaliation rates were a “loser” for China.
According to Besent, there were no winners, but the “proportionality for the Chinese” would be much worse.
“I think it is unfortunate that Real China does not want to come and negotiate that they are sausage criminals in the international commercial system. They have the most unbalanced economy in the history of the modern world,” Berry said. “And, you know, I can tell him that climbing is a loser for them, that they have some very intelligent: economists … technocrats within their bureaucracy. And they would tell the leadership that” we don’t have the advantage here. “” They are the surplus country, their exports to the US. Five times our exports to China.
He continued: “No one wins in a war, but it is a proportionality, and the proportionality for the Chinese will be much worse. And the other thing too, Mary, which would be a very good step with the Chinese would make Fenting open up to North America and then sell the United States, we have more than 100,000 US citizens who die every year.”
(H/T Daily Caller)
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