The Trump administration has remained firm in its tariffs against Chinese imports, even as the PRC retaliates. As Treasury Secretary Scott Bessent noted this week when the nation raised tariffs on U.S. imports from 34 percent to 84 percent, they are the ones that have more to lose. (By Saturday, that number is going up to 125 percent, China announced today.)
“I can tell you that this escalation is a loser for them,” he said.
“They are the surplus country,” Besset explained. “Their exports to the U.S. are five times our exports to China. So, they can raise their tariffs, but so what?”
Trump similarly seemed unfazed when asked about how China is retaliating on cultural exports.
China announced the immediate restriction of imported American films as the country retaliated against President Donald Trump’s escalated U.S. tariffs on imported Chinese goods. [...]
For about 30 years, China imported 10 Hollywood movies annually. But the National Film Administration (NFA) in Beijing said on its website that Trump’s tariffs would continue to sour its domestic demand for American movies in China.
"We will follow market rules, respect the audience's choices, and moderately reduce the number of American films imported," the NFA said on its website. (Fox News)
On Thursday, a reporter asked for his reaction to the development.
Recommended
"I think I've heard of worse things," he replied as laughter broke out in the room.
"China retaliated today by reducing the number of American films that can be shown there. What's your reaction to them now targeting cultural exports?"@POTUS: "I've heard of worse things." 🤣 pic.twitter.com/zpseCdDXEX
— Rapid Response 47 (@RapidResponse47) April 10, 2025
