Minister of Finance Bavert says

Treasury Secretary Scott Igent said on Tuesday the United States had a significant advantage over China when the two countries exchange threats in a prosperous trade war.

“I think it was a big mistake, this Chinese escalation is because they play with the couple of Twos,” said the infant during the CNBC interview “Box for Squawk“” What are we losing from the Chinese who raise tariffs on us? We export one fifth to them that they export to us, so it’s a lost hand for them. “

Comments come on the day ahead of the United States, which raise their duties in China and dozens of other countries within the so -called mutual tariffs, the purpose of which, according to the infant, is to attract trading partners to the negotiating and job table back to the US

So far, he said that Japan was in the forefront of countries seeking negotiations, and the White House is waiting for many others.

“I think you will see that some very large countries with a big trade deficit are very fast,” said the infant. “When they come to the table with hard suggestions, I think we can finish good offers.”

Ultimately, hope will bring both jobs and income from tariffs, he added.

“If we set a tariff wall, the ultimate goal would be to return jobs in the US, but in the meantime we will collect significant tariffs,” the infant said. “If we are successful, the tariffs will be in a sense of melting ice cubes, because you accept income because production facilities are built in the US, and there should be some level of symmetry between the taxes that we start taking from a new branch of wages when tariffs are reduced.”

As long as he said 70 countries turned to the White House to start negotiations, China has promised that “will fight to the end” and imposed 34% of the US products.

In return, the president Donald Trump He said he hit another 50% fee for Chinese imports unless the tariff was lifted. In 2024, the US conducted a trade shortage of almost $ 300 billion with China, or approximately a third of the total imbalance.

With Trump tariffs, Trump hopes to open more markets for US products and production operations, but the administration is not just focusing on the absolute tariff level, but rather un -breed barriers such as currency manipulation, value added tax and other methods spelled.

“Everything is on the table,” said the infant. “Academic literature shows that it is actually non -refine barriers, which are more difficult to calculate and … they are more insidious, because they are hidden, they are embarrassed.”

Futures on the stock market, which have already shown a strong open on Wall -Rate, added to the profit after the infant has put it.

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