The US president now showed a more moderate and much more optimistic position on a possible agreement. Apparently, he accounted for the consequences for the markets and Americans of their commercial policy.
Less tariff pressure: Trump suggests that the commercial war could stop.
Photo: Reuters
The president of the United States, Donald Trumpsuggested in the last hours that The end of reciprocal tariffs could be close To China that shook the markets, and that an agreement on the future of the Tiktok social networks may have to wait.
“I don’t want them to go up because, at a certain point, people stop buying”Trump told journalists at the White House, referring to tariffs.“So you may not want to upload anymoreor not even reach that level. Maybe you want to download them, because One wants people to buy, and arrive a point, people are not going to buy”
Trump moderates his position on China
Trump’s comments point to less interest on the part of the president in continuing to raise generalized tariffs to dozens of countries, after markets reacting to their application on April 2.
The Republican president imposed 10% tariffs on most of the goods that enter the country, although he postponed the implementation of higher rates, waiting for negotiations.
ASD
Even so, it increased tariffs on Chinese imports – which now totals 145% – after Beijing responded with their own countermeasures. Last week, China declared that “it will not respond” to a “game of figures with tariffs”, a sign that widespread rates will no longer increase.
Trump said that China has been in contact since the imposition of tariffs and was optimistic about the possibility of reaching an agreement.
Source: Ambito
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