Commercial uncertainty between the United States and China once again puts the G7 Techno in check, evidencing the vulnerability of great technological before global geopolitics.
The magnificent 7 experience a fall before the opening of the market this Thursday. This decrease occurred as a result of contradictory messages from the Trump administration about its intentions regarding tariffs with China, which had an impact on future US actions.
The G7 Techno had previously experienced a rebound on Wednesday after the suggestion of President Donald Trump that tariffs to China could be reduced if a mutual agreement is reached. On the other hand, China has expressed its requirement for the United States to withdraw all unilateral tariffs.
Chinese authorities too They affirmed that there are currently no ongoing conversations to reach a commercial agreement.
This has led to an increase in tensions between the two largest economies worldwide. Among the magnificent 7, Tesla (nasdaq: tsla) fell 1.8%, nvidia (nasdaq: nvda) 1.7%, goal (nasdaq: tar and Microsoft (Nasdaq: MSFT) 0.4%.
The Bloomberg Magnificent 7 index, which equally measures these actions, has experienced a 20% drop this year. This occurs after a significant increase of 67% in 2024.
China’s version
A spokesman from the China Ministry of Commerce indicated that “There is currently absolutely no economic and commercial negotiation between China and the USA. “, reported CNBC. The spokesman said that” all statements “regarding possible advances in discussions must be discarded, according to the financial news channel. Beijing also urged the US to” cancel all unilateral measures “if you want to” solve the problem, “according to CNBC.
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Shuttersock
The spokesman of the Chinese Ministry of Foreign Affairs, Guo Jiakun said: “China’s attitude towards the tariff war launched by the United States is very clear. We do not want to fight, but we are not afraid. If we fight, we will do it until the end. If we talk, the door is open“Jiakun said, adding that they are willing to dialogue “From equality, respect and mutual benefit”.
“To say that he wants to reach an agreement with China while constantly exerting extreme pressure It is not the right way to address the situation With China and will not work, “he added.
Source: Ambito
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