On 'State of the Union,' Treasury Secretary Scott Bessent explained President Trump's use of 'strategic uncertainty' as a negotiating tactic in trade talks, particularly with China. By maintaining some level of unpredictability, the U.S. aims to prevent other countries from gaining an undue advantage. Recently, the U.S. and China agreed to temporarily reduce tariffs, signaling a step towards stabilizing trade tensions. Bessent expressed confidence that these negotiations will ultimately benefit American workers and retailers, despite concerns about the current trade landscape and market volatility caused by tariff announcements.
Bessent said that if we gave too much certainty to other countries, they could take advantage of us during negotiations.
Bessent emphasized that strategic uncertainty is vital in negotiations to ensure that American workers and retailers will ultimately benefit.
Bessent believes President Trumpâs trade renegotiations aim to improve the situation for American businesses despite current market volatility due to uncertainty.
Bessent announced that the recent agreement with China to lower tariffs reflects a temporary strategy to stabilize trade relations.
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