Squawk Pod Treasury Secretary Scott Bessent & CC Sabathia 4/28/25
Apr 28, 2025
Scott Bessent, Treasury Secretary, dives into global tariff negotiations, stressing the importance of China's role in trade de-escalation. He addresses the current economic landscape and trade policies under scrutiny. Meanwhile, Rich Kleiman, co-founder of Boardroom, and MLB legend CC Sabathia discuss the future of baseball, emphasizing fan engagement strategies and the cultural significance of sports partnerships. They reflect on how recent rule changes and a focus on player storytelling could reshape the MLB experience.
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China Must De-escalate Tariffs
- Treasury Secretary Scott Bessent says tariff talks with Asian partners are progressing well, but China must de-escalate first.
- He believes China's trade model is unsustainable due to heavy reliance on selling subsidized goods to the U.S.
US vs Europe Investment Climate
- Europe imposes high tariffs on goods and services, making it less attractive for investment.
- The U.S. aims to remain the best destination for global capital through tax certainty and deregulation.
China's Tariff Exemptions Signal Desire
- China exempting essential U.S. goods from tariffs signals a desire to de-escalate trade tensions.
- The U.S. hasn't yet leveraged embargoes or trade bans, reserving escalation as a last resort.