Bessent Indirectly Confirms to CNBC China and the U.S. Still Not Talking Tariffs: Not Even a ‘Negotiation About the Negotiation?’

EISEN You re heavily ░░░░░░░░ here You have said ░░░░░░░░ need to de escalate ░░░░░░░░ start that process for ░░░░░░░░ to get going on ░░░░░░░░ talks Have they made ░░░░░░░░ effort at this point ░░░░░░░░ I think that I ░░░░░░░░ we could see substantial ░░░░░░░░ in the coming weeks ░░░░░░░░ ll see that as ░░░░░░░░ think it s Stein ░░░░░░░░ Law that which is ░░░░░░░░ sustainable doesn t continue ░░░░░░░░ 145 percent 125 percent ░░░░░░░░ levels are the equivalent ░░░░░░░░ an embargo EISEN Yes ░░░░░░░░ And we re reading ░░░░░░░░ day what s happening ░░░░░░░░ factories in China And ░░░░░░░░ an academic point of ░░░░░░░░ I can tell you ░░░░░░░░ the history of trade ░░░░░░░░ we are the deficit ░░░░░░░░ The surplus country always ░░░░░░░░ the most to lose ░░░░░░░░ Right So they need ░░░░░░░░ make more gestures What ░░░░░░░░ it that you re ░░░░░░░░ for And is that ░░░░░░░░ Is there a negotiation ░░░░░░░░ the negotiation BESSENT Yeah ░░░░░░░░ will see over the ░░░░░░░░ weeks And we will ░░░░░░░░ what President Trump wants ░░░░░░░░ accept EISEN Right I ░░░░░░░░ have they offered anything ░░░░░░░░ the fentanyl for instance ░░░░░░░░ ingredients BESSENT Only what ░░░░░░░░ have said publicly.”