The inflate views the tariff agreement as progress in a “strategic” junction with China

The Secretary of the Treasury Scott Igent said on Monday that the trade agreement that reached the weekend is another stage in the US, which eliminates Chinese products.

Despite the fact that in the US the “junction” from the need for cheap imports from China has been discussed for years, the process was slow and it is unlikely that it would mean a complete break.

However, the infant said that there are specific elements of the interchanges that are vital for the US interests. The US imported nearly $ 440 billion from China in 2024, having conducted a $ 295.4 billion deficit.

“We don’t want a generalized junction from China,” he said during an interview on CNBC “Box for Squawk.

When the pandemic impressed in 2020, demand in the US moved from one, more to the services to greater attention to goods. This meant a lot of difficulty in obtaining material for several products, including large tickets and cars. The technology industry, which depends on the semiconductors, was also impressed. Next, a splash of inflation in the United States did not see for more than 40 years.

A Details of the US Pact The schematic, but US officials said that the so-called mutual tariffs will be suspended, although 10 percent duties with a broad base will remain in force.

“We are going to create our own steel. (Tariffs) defend our steel industry. They are working on critical medicines, on semiconductors,” the infant said. “We do this, and mutual tariffs have nothing to do with specific branch tariffs.”

The agreement between both sides is essentially a 90-day pause, which will see that mutual duties have stopped, although the tariff is 10%, as well as a 20% fee related to Fentonil.

The inflatter expressed the encouragement to the issue of Fentonil, in which Chinese officials “are now seriously referred to as the US in stopping the flow of drugs.” Concrete did not indicate a specific date If the next negotiation round is held, but it should be shown in the next few weeks.