President Donald Trump said that he did not want to reduce the tariffs for China in order to unlock negotiations with China. “No,” Trump answered when the journalist asked him whether he was open to take off his 145% tariffs for Chinese imports to transfer the second largest economy to the world to the negotiation table. Applications have passed with the decision of the Fed.
The president’s comments arise the day before the Minister of Finance Scott Donant and the commercial representative of the United States Jamison Grire will meet in Switzerland with the link -Vitza -Chinese Minister to discuss commercial issues. Trump performed during the oath of his ambassador in China David Perdue.
Just when The Fed warned about the risks of Donald Trump’s tariff warThe president also cooled the expectations of a short -term agreement with China to put an end to a commercial embargo between the two countries. Wall -stroke blushed to the comments of Trump.
There were markets, since Trump paralyzed the famous world tariffs for 90 days in exchange for those who files 145%to China, waiting for news about negotiations between the United States and China. The hope is that Beijing offers minimal concessions that allow Trump to declare the winner and have an excuse to reduce the current tariffs to a minimum. But the firmness of China, which refused to negotiate with the United States, worries investors, given the possibility that Xi Jinping does not want to play the game proposed by the magnate.
Yesterday, The Minister of the Treasury Scott Donant said that he would meet this Saturday with the Chinese delegation in Switzerland to agree on this possible agreementWhich caused hope for a happy ending, in which both agree to dispose of the commercial war. The demon cooled these expectations, clarifying that This meeting will be simply a “contact” in which they will talk about the possibility of “starting some conversations”. The idea is that there is still no project in the table or expected agreement, and that this weekend is only the first step in possible negotiations, which is not even guaranteed.
The Dematent assured that Yes, he supports negotiations with other countries, and which, in principle, are “quite advanced” against agreements. ” Despite this, he did not mean what countries they were, the fact that they keep a secret, since Trump said that “a hundred countries urge me to kiss my ass” a month ago.
Trump’s position emphasizes the deep gap between the United States and China in commercial issues and the difficult path that they face a possible agreement to reduce tariff levels.
The US President said that the country had previously “lost a billion dollars a year” before China in trade, and that “we are not losing anything”, in a clear link to a commercial shortage with Beijing, Bloomberg Advances.
