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US Treasury Secretary Says Working With Congress to Draft Legislation for Further Restriction on Investments in CN
Recommend 6 Positive 10 Negative 7 2025/03/19 00:25 GMT
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US Treasury Secretary Scott Bessent revealed in an interview with Fox Business that each country will receive a figure that the US believes represents its tariff when the US announces the reciprocal tariff policy on April 2. In certain cases, a country may avoid mutual retaliatory tariffs due to pre-negotiated agreements, while other US trade partners may seek negotiations to lower their tariff levels upon receiving their figures, Bessent added. Meanwhile, the US Treasury Department, as indicated by Bessent, is working with Congress to draft legislation to further restrict investment in China.
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