In an interview with Fox Business Bessent television, he also announced that in the coming days the US administration will announce a package of new trade agreements. He emphasized that many of them are to be associated with large investments in the United States.
He noted that from August 1, customs rates will apply in the amount announced on April 2 as part of the so -called mutual duties. – This does not mean, however, that we cannot negotiate when the countries are already in force higher rates – he added.
Meeting in Stockholm and hopes to postpone the date
The minister emphasized that when it comes to China, the time to negotiate is August 12. He informed that at the beginning of the week he would go to Stockholm, where on Monday and Tuesday he would talk with his Chinese counterparts. The main goal will be to agree on the possible extension of the applicable deadline.
– I hope that we will see how the Chinese withdraw part of their production surplus and focus on building a consumer economy Bessent said.
Talks also about Russian oil
One of the topics of the meeting is also to be the issue of imports by China covered by the sanctions of Russian oil. Bessent pointed out that relations with Beijing have clearly improved.
– I think that in the case of China we have entered a new level, it is very constructive He assured.
As he reminded, the United States and China have already reached a temporary agreement on mutual reduction of customs rates and the abolition of some restrictions on the export of American technologies and Chinese metals of rare lands.
