World trade
Trump: 80 percent tariffs with China as a brand
With his high tariffs of 145 percent, US President Trump triggers massive stress in world trade. Shortly before a first meeting with China, he is talking a new number.
Before the first conversations in the trade conflict between China and the USA, US President Donald Trump has been willing to compromise and have a reduction in the tariffs of 145 percent so far. “80% tariffs in China seem to be fine!”, Trump wrote on his Truth Social platform. That was the decision of Scott B., he added. Finance Minister Scott Bessent is going to talks with Chinese representatives for the first time this weekend.
China is supposed to open the market for the USA
In a second post, Trump asked China not to be isolating. “China should open its market for the USA – that would be so good for them !!! closed markets no longer work !!!”, wrote the president, who had practically raised tariffs all over the world.
Two days earlier, Trump had refused to reduce the tariffs to Chinese goods before the first conversations with Beijing. At an event in the White House, a reporter said China asked that the tariffs had to be significantly reduced before substantial negotiations and asked Trump whether he was ready. The President asked: “No.”
Bessent and the US trade officer Jamieson Greer want to meet in Switzerland with a leading business representative of the People’s Republic of China. According to Beijing, Vice Prime Minister He Lifeng will make the US Finance Minister in Switzerland. Taking into account the global expectations, the interests of the Chinese side and the appeals of the US industry and the consumer, the Chinese side decided to contact the US side.
Besser for de -escalation
Finance Minister Bessent had spoken out in an interview in the Fox news news station for de -escalation in the trade dispute. He assumes that both sides agree on what they want to talk about at the meeting. “I have the feeling that it is about a de -escalation, not about the big trade agreement, but we have to de -escalate before we can move forward.” He had previously stated according to the media that he did not think one of the two sides thinks that the current customs level was permanent.
Since the escalation in the trade dispute between the two largest economies in the world in early April, US President Donald Trump has been imposed on goods imports from China. In return on imports from the USA, Beijing demands surcharges of 125 percent.
dpa
Source: Stern
