After #China unveiled steep retaliatory #tariffs on American exports on Wed, #Treasury Secy #ScottBessent issued a sharp & surprising response: “So what?”
The loss of China as an export market will deal a particularly hard blow to #agriculture in red states, hitting the voters who helped #Trump win. On Wed, Trump ratcheted US tariffs on China even higher. #Farmers are concerned that a protracted #TradeWar w/China will cut off ties w/their largest export market.
#economy
https://www.nytimes.com/2025/04/10/business/economy/trump-tariffs-china-farmers.html?smid=url-share