Treasury Secretary Scott Bessent stated China’s tariffs will rise to 125% due to the country’s “insistence on escalation.”
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00:00All this was, again, this was driven by the president's strategy.
00:04He and I had a long talk on Sunday, and this was his strategy all along.
00:10And that, you know, you might even say that he goaded China into a bad position.
00:17They responded, they have shown themselves to the world to be the bad actors.
00:21And we are willing to cooperate with our allies and with our trading partners who did not retaliate.
00:30It wasn't a hard message.
00:31Don't retaliate.
00:33Things will turn out well.