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The Trump administration downplayed China's retaliatory tariffs on American exports, asserting US economic dominance. Treasury Secretary Bessent's dismissive "So what?" response contrasts with concerns from US businesses about the impact of 84% levies on American imports to China. Despite the US importing more from China, the Chinese retaliation could significantly harm American companies selling to the Chinese market, according to the U.S.-China Business Council.

Prepared by Christopher Adams and reviewed by editorial team.