US Treasury Secretary Bessent says China 'negotiations' to start on May 10

The Star

US Treasury Secretary Scott Bessent told a House Financial Services Committee hearing on May 7 that the administration will begin "negotiations" with Chinese officials on trade in Switzerland on May 10.  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Yes, ma'am.

00:01But I don't want the clock to be eating my time.

00:06Really help borrowers take the funds advice when it keeps giving China a free pass.

00:13In congressional testimony yesterday, you said the U.S. has not started negotiating with China on tax reductions.

00:23Does that continue to be your position, yes or no?

00:26As you may have read.

00:28Yes or no, sir.

00:29As you may have read in the press, I will be going to Switzerland and the negotiations will begin on Saturday.

00:37OK, so the president told you that that will be your answer today.

00:44Well, the the trade negotiations will be led by myself and Ambassador Jameson Greer and USTR.

00:53And what about Pete Navarro?

00:57Sorry.

00:57Peter Navarro.

00:59He will see he will not be joining us in Geneva.

01:03Thank God for that.

01:04Are those negotiations considered advanced?

01:07Pardon?

01:08Are those negotiations considered advanced?

01:12As I said, on Saturday, we will begin, which I believe is the opposite of advanced.

01:17It is time for China to graduate from developing countries status.

01:23It is the second largest economy in the world.

01:26They are a large, important economy, and they should no longer be granted the status of a developing economy.

01:42It is the second largest economy in the world.

01:46It's the trespass of Malaysia.

01:47It must be equal to conditions.

02:05I want to be wont to multiplet your feet and come back.

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