In an interview with the agreement, the US commissar Maros Sefkovich said in an interview with the newspaper. In accordance with their information, the US trade deficit, the US deficit with 27 EU countries is about 50 billion euros per year.
“If the deficit is 50 billion euros, in my opinion, we can quickly solve this problem using agricultural products, such as soybeans or other areas,” Sephovich said.
Trump quantitatively determined the deficit of his country to several hundred billion dollars a year and raised tariffs by 25 percent of cars, aluminum and steel produced in the EU. Ten percent is the obligation for other goods. The European Union will not accept this surcharge, said the EU Commissioner, who is negotiating with the United States. Even the basic customs of ten percent would be a “very high” level.
China calls for “sincerity” from the USA
Meanwhile, the United States and China also seem to be approaching thorough steps. According to the Chinese Ministry of Trade, the United States is trying to join a conversation with the People’s Republic. Beijing noted various explanations of high -ranking US officials who indicated the readiness to agree on tariffs.
The People’s Republic is open to trade negotiations, but the United States should “demonstrate its sincerity and be ready to take measures,” the Chinese Ministry of Trade said on Friday. The tariffs of the United States, which are up to 145 percent, continued to be an obstacle and undermined trust.
Attachment without changes in a sharp increase in customs of President Donald Trump is considered to be insignificant. “To say one thing, but to do the other or even try to practice coercion under the guise of talking and making blackmail, will not work on the Chinese side,” the explanation continues.
Market prices for an increase in oil and copper
Beijing reacted to customs customs, increasing its own tariffs for the import of US products to 125 percent. In addition, this tightened restrictions on the export of certain strategically important minerals in the United States and established an import of a wide range of agricultural products in the United States.
For raw materials, hope for an agreement in the customs dispute between the United States and China on Friday increases the price of oil and copper on Friday. Oil oil in the North Sea and US oil each of them cost 0.6 percent to $ 62.49 and $ 59.61 per barrel. Industrial metal copper is traded at 9409 dollars per ton at the top.
No one expects a smooth process in negotiations, but this is an encouraging step, says Vandana Hari from the supplier of the Vanda Insights oil market analysis. The fears that a trade war can turn the world economy into a recession, oil prices and copper have repeatedly burdened over the past few weeks.
