{"id":102456,"date":"2025-04-15T09:24:13","date_gmt":"2025-04-15T09:24:13","guid":{"rendered":"https:\/\/nationaltimes.pk\/eng\/?p=102456"},"modified":"2025-04-15T09:24:13","modified_gmt":"2025-04-15T09:24:13","slug":"bessent-hints-at-big-deal-with-china-says-trump-tariffs-not-a-joke","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/","title":{"rendered":"Bessent hints at &#8216;big deal&#8217; with China, says Trump tariffs &#8216;not a joke&#8217;"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Pakistan(National Times)- BUENOS AIRES: US Treasury Secretary Scott Bessent has criticised China\u2019s commerce minister for dismissing President Donald Trump\u2019s tariffs as a \u201cjoke\u201d. However, he stressed that a major deal with Beijing could still be reached amid escalating trade war between the two economic giants. \u201cThere\u2019s a big deal to be done at some point,\u201d Bessent said when asked by\u00a0<em>Bloomberg TV\u00a0<\/em>about the possibility that the world\u2019s largest economies would decouple. \u201cThere doesn\u2019t have to be\u201d decoupling, he said, \u201cbut there could be.\u201d Bessent stressed that a deal with China would be more difficult than with other nations because \u201cChina is both our biggest economic competitor and our biggest military rival.\u201d The world\u2019s two largest economies have been locked in a fast-moving game of brinkmanship since US President Donald Trump launched a global tariff assault that particularly targeted Chinese imports. Tit-for-tat exchanges have seen US levies imposed on China rise to 145 percent, with Beijing setting a retaliatory 125 percent band on US imports. The US side has sent mixed messages about what it wants to achieve and whether tariffs that would rock the world economy can be avoided. The White House had appeared to dial down the pressure recently, listing tariff exemptions for smartphones, laptops, semiconductors and other electronic products for which China is a major source. But Trump and some of his top aides said Sunday that the exemptions had been misconstrued and would only be temporary as his team pursued fresh tariffs against many items on the list. \u201cNOBODY is getting \u2018off the hook\u2019&#8230; especially not China which, by far, treats us the worst!\u201d he posted on his Truth Social platform. Bessent warned that Trump\u2019s tariffs were \u201cnot a joke.\u201d \u201cThese are big numbers. I think no one who thinks they\u2019re sustainable wants them to remain here.\u201d China\u2019s Xi Jinping on Monday kicked off a Southeast Asia tour with a visit to Vietnam \u2014 where he warned that protectionism \u201cwill lead nowhere\u201d and a trade war would \u201cproduce no winner.\u201d \u201cWe must strengthen strategic resolve, jointly oppose unilateral bullying, and uphold the stability of the global free trade system as well as industrial and supply chains,\u201d Xi told Vietnam\u2019s top leader, To Lam. The White House has said Trump remains optimistic about securing a trade deal with China, although administration officials have made it clear they expect Beijing to reach out first. The trade war is raising fears of an economic downturn as the dollar tumbles and investors dump US government bonds, normally considered a safe haven investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan(National Times)- BUENOS AIRES: US Treasury Secretary Scott Bessent has criticised China\u2019s commerce minister for dismissing President Donald Trump\u2019s tariffs as a \u201cjoke\u201d. However, he stressed that a major deal with Beijing could still be reached amid escalating trade war between the two economic giants. \u201cThere\u2019s a big deal to be done at some point,\u201d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":102457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bessent hints at &#039;big deal&#039; with China, says Trump tariffs &#039;not a joke&#039; - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bessent hints at &#039;big deal&#039; with China, says Trump tariffs &#039;not a joke&#039; - Nation\" \/>\n<meta property=\"og:description\" content=\"Pakistan(National Times)- BUENOS AIRES: US Treasury Secretary Scott Bessent has criticised China\u2019s commerce minister for dismissing President Donald Trump\u2019s tariffs as a \u201cjoke\u201d. However, he stressed that a major deal with Beijing could still be reached amid escalating trade war between the two economic giants. \u201cThere\u2019s a big deal to be done at some point,\u201d [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/\" \/>\n<meta property=\"og:site_name\" content=\"Nation\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-15T09:24:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/04\/image-670x370-2025-04-15T142622.121.png\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"humza Jahangir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"humza Jahangir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/\",\"name\":\"Bessent hints at 'big deal' with China, says Trump tariffs 'not a joke' - Nation\",\"isPartOf\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/04\/image-670x370-2025-04-15T142622.121.png\",\"datePublished\":\"2025-04-15T09:24:13+00:00\",\"author\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/#primaryimage\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/04\/image-670x370-2025-04-15T142622.121.png\",\"contentUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/04\/image-670x370-2025-04-15T142622.121.png\",\"width\":670,\"height\":370},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationaltimes.pk\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bessent hints at &#8216;big deal&#8217; with China, says Trump tariffs &#8216;not a joke&#8217;\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/\",\"name\":\"Nation\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationaltimes.pk\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\",\"name\":\"humza Jahangir\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"caption\":\"humza Jahangir\"},\"url\":\"https:\/\/nationaltimes.pk\/eng\/author\/humza\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bessent hints at 'big deal' with China, says Trump tariffs 'not a joke' - Nation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationaltimes.pk\/eng\/2025\/102456\/","og_locale":"en_US","og_type":"article","og_title":"Bessent hints at 'big deal' with China, says Trump tariffs 'not a joke' - Nation","og_description":"Pakistan(National Times)- BUENOS AIRES: US Treasury Secretary Scott Bessent has criticised China\u2019s commerce minister for dismissing President Donald Trump\u2019s tariffs as a \u201cjoke\u201d. 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