China’s Tariff Strategy and US Negotiations
On “Jesse Watters Primetime,” Fox Business host Charles Payne suggested that China may limit transactions with the U.S. by implementing tariffs. This commentary came as discussions between Chinese officials and Treasury Secretary Scott Bescent were taking place on potential tariff agreements.
During the segment, Watters referenced former President Donald Trump’s effectiveness with tariffs, questioning whether a final deal with China was imminent. Payne acknowledged the complexity of the situation, stating, “It’s a much bigger situation. It’s a much more difficult negotiation. But the bottom line is China is suffering.” He pointed out that some believe China might emerge victorious, but he strongly disagreed, asserting that their challenges are substantial.
In April, Trump announced a “Day of Liberation,” leading to reciprocal tariffs among various countries. While most faced a baseline tariff of 10%, others like China incurred additional penalties due to their own tariffs on the U.S.
After this day, several nations reportedly began negotiating with the U.S., but China opted to escalate its tariff conflict with Trump. Soon after, a 90-day suspension of tariffs was declared, leaving China as the only exception.
Payne remarked on Trump’s revisionist approach to his own achievements in tariff negotiations, implying that while Trump may boast of his successes, the details often lack substance. He criticized the diplomatic process, saying it tends to consist of meetings in luxury environments without tangible outcomes. “Is that what diplomacy has come to?” he pondered.
Since that suspension, Trump has formed agreements with countries including Japan, the Philippines, South Korea, and Iraq. He recently noted plans to consider American rebate checks following a reported $27 billion budget surplus in June, attributed to successful tariffs.
China is facing an impending deadline of August 12, after which tariffs are expected to increase, coinciding with the agreements made with other nations.
