Secretary of the Treasury Scott Bessent: “I'm happy to report that we made substantial progress between the United States and China in the very important
the United States has a massive $1.2 trillion trade deficit, so the President declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency.”
This is, for the record, an admission that the tariffs were declared under false pretenses.
This is, for the record, an admission that the tariffs were declared under false pretenses.