president-elect Donald Trump’s pick of Scott Besson as treasury secretary could be good news for China when it comes to trade just as the incoming leader makes his first tariff threat since winning the election Trump said this week he would slap an additional 10% levy on goods from China after accusing Beijing of failing to clamp down on drugs coming into the us but Wall Street veteran bessent is seen as taking a more moderate stance on tariffs and a pragmatic approach to negotiations he called for levies to be layered in gradually though he’s also signaled discontent with the value of the UN suggesting the Chinese currency is undervalued still some analysts downplayed best sensibility to set the trade agenda and Trump’s latest threats May well just be his opening Gambit for negotiations similar to The Playbook during his first term in the White House