Days after US President Donald Trump pushed his double-edge comments about hitting China with additional 100% tariffs, while also wanting to “help” the second-largest economy, Scott Bessent targeted the Asian country once again. Laying out an even more vicious threat of hefty duties, the US Treasury Secretary said on Wednesday (US time) that a significant numbers of American senators were on board with the MAGA leader imposing 500% tariffs on China.

500% tariffs on China expected?

“85 US senators are willing to give President Trump the authority to put up to 500% tariffs on China for the purchase of Russian oil, ” Bessent said during a press conference. Having already repeatedly hit out at Beijing and India for their purchase of Russian oil, he reiterated his claims about the Asi

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