US Treasury Secretary: No one thinks high tariffs are sustainable and hopes to reach a trade deal with China

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Recently, China's spokesperson for the Ministry of Commerce of my country responded to reporters' questions about the US's repeated increase in tariffs on China, saying that the US's repeated imposition of abnormally high tariffs on China has become a digital game and has no practical significance in economic terms. It will only expose the US's tactics of instrumentalizing and weaponizing tariffs, and bullying and coercing, and become a joke. If the US continues to play the tariff digital game, China will ignore it. However, if the US insists on continuing to materially infringe on China's rights and interests, China will resolutely counter and stay with it to the end.

In response, US Treasury Secretary Becent responded that these (tariffs) are not jokes, the numbers are indeed very large, and no one thinks they (high tariffs) are sustainable, or hopes that they will continue. In addition, Becente said he still hopes to reach a major trade agreement with China, adding that the agreement is very different from past economic and trade agreements.

Asked if we need to worry about decoupling between China and the United States, Becent said that the U.S. and China's economy "has no reason to have to part ways." He believes that even if the two major economic powers issue tariff threats to each other, it is still possible to "reach a major agreement" at some point in time. In an interview, Becent also said that any U.S.-China negotiations must be held between the top levels.

In other countries, the Wall Street Journal recently quoted sources as saying that the United States prioritized the promotion of tariff negotiations with South Korea, the United Kingdom, Australia, India and Japan.

"We negotiated with Vietnam last week, and will negotiate with Japan on Wednesday (16th), and next week will negotiate with South Korea." He pointed out that the countries that were the first to participate in the negotiations will receive more favorable treatment, and Trump will personally participate in negotiations with the most important trading partner of the United States.

He also said there may not be real trade "documents" after the end of the 90-day "reciprocal tariff" moratorium, but there may be a "principle agreement" that allows the United States and its trading partners to continue advancing negotiations.