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Posted on 05/12/2025 8:01:17 AM PDT by Red Badger
US Treasury Secretary Scott Bessent spoke with reporters on Monday following trade talks this past weekend with Chinese officials in Geneva, Switzerland.
As The Gateway Pundit reported on Sunday, Bessent announced that they struck a deal during their eight-hour meetings.
China and the United States have agreed to reduce tariffs by May 14, with China retaining a 10% tariff on American goods while the US retains a 10% reciprocal tariff on Chinese goods. Additionally, China has agreed to help the US “take aggressive actions to stem the flow of fentanyl and other precursors from China to illicit drug producers in North America.”
On Monday morning Secretary Bessent spoke with reporters about the trade talks with China. Bessent told them that China blew off their trade obligations when Joe Biden entered office.
They knew he was weak.
Treasury Secretary Scott Bessent: In January 2020, President Trump produced a template. We had an excellent trade agreement with China, and the Biden administration chose not to enforce it. The Chinese delegation basically told us that once President Biden came into office, they just ignored their obligations. So we all already have a large framework.
The other thing to remember here, Jonathan, is that this is a pause down to 10 %. The April second level for China is 34 %. So we will be working to see where their final reciprocal number ends up. The negotiations are a combination of tariffs, non-tariff trade barriers, currency manipulation, and subsidies of labor and capital.
This statement by the Chinese trade officials also exposes them as untrustworthy. Their agreements should be honored no matter who is leading America. President Trump understands this.
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They knew he was bought.
Just like Clinton and the Bushes were bought.
yes
please dont chalk it up to incompetence
this was intentional by his administration
and zero pushback from anyone on the left
Of course they did. The Big Guy was a wholly owned subsidiary of the Chinese Communist Party.
The Chinese ignored their obligations because they knew the top priority of the Biden administration was to transform the US into a godless communist utopia by uncontrolled mass migration, transgenderism, and other aspects of the woke agenda.
We need to stay MAGA past 2028.
bttt
this was intentional by his administration
Exactly. Especially on the border.
Millions of immigrants didn't just suddenly arrive. They were organized, mobilized and funded, at the point of origin, by marxist radicals working in the Biden administration, using all the globalist institutions with which they are in league.
It was a planned invasion for destabilization, electoral fraud, and revenge against the conservative half of American they hate
How much land did they buy during Brandon? Trump needs to get that land back and kick them out of Chinese owned GNC stores on our bases.
Pretty embarrassing for Xi. He got caught with his hand in the fortune cookie jar.
Can you blame him? Everybody on Earth could see that Biden was a mentally non-functional human being. Everybody except ABCNNBCBSNYTNPRWAPO...............
Just like Clinton and the Bushes were bought.
AKA: The usual suspects.
>>>Treasury Secretary Bessent: “The Chinese Told Us Once Joe Biden Came into Office They Just Ignored Their Obligations”
Odd, these Chinese hype ‘mutual respect’ while flaunting agreed upon rules!
Secondly, China is built on Tofu-Dreg. From, buildings, roads, bridges, workmanship, rebar etc. What’s their military really look like?
The Art of War, Sun Tzu.....................
The Chinese Communist Party paid considerable good money to the Biden Family.
It was a very wise investment on the part of the CCP...
In the short term. If we survive this stupidity, they will have been shown for who they really are. Of course, so will we.
I'm hoping to help change the latter to some measurable degree.
Well, if the PedoPres’ WHouse staff calls the CCP (like Milley did) and tell them to not bother, why would they? Biden had nothing whatsoever to do with anything in the WHouse since being installed. It was all the staff.
Traitors all. That is why nothing done during those four ‘ellish years was legitimate.
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