#CryptoScamSurge U.S. Treasury Secretary Scott Pisent made special statements regarding the Federal Reserve and tariffs. In his latest interview, U.S. Treasury Secretary Scott Pisent shared his views on the new trade agreement with Japan, relations with China, and the Federal Reserve.
Pisent announced the details of the trade agreement with Japan. The agreement will impose a new 15% tariff on cars, and Japan will establish an innovative financing mechanism to provide capital for U.S. strategic industries. He noted that ongoing negotiations with the European Union are progressing slowly due to the 'joint work issue' among the twenty-seven member states. The secretary expressed hope to overcome issues such as rare metals and export controls to focus on 'broader discussions' during his meeting with his Chinese counterparts in Stockholm. Pisent spoke about the possibility of achieving a 'great and beautiful rebalancing' where the U.S. focuses on production and China on consumption. He also mentioned the possibility of reaching a new purchasing agreement similar to the phase one agreement made by the previous administration.