The objective that the growing commercial war between the two countries begins to stop climbing, since Threat to cause serious damage to the world economy, including US companies and consumers.
The optimism for a change in American politics grew on Thursday when Trump announced A commercial agreement with the United Kingdomthe first for administration since he imposed, and then suspended broad “reciprocal” tariffs against all business partners in early April.
Trump said the “innovative” commercial agreement between the United States and the United Kingdom – who described as “A great agreement for both countries”– It would boost US export markets of agricultural products, including beef and ethanol.
While High American officials, including Treasury Secretary Scott Besent, prepare to meet their Chinese counterparts this weekendTrump has suggested that he could meet with Chinese President XI after the initial conversations.
According to reports, China compiled a list of American products exempt from its 125%tariffs, with the aim of relieving commercial tensions without making public concessions. However, Trump previously defended the Chinese tariffs, claiming that China “deserves them” and would probably absorb costs.
Meanwhile, the United States negotiations with the residents of the United Kingdom in the EU adopted a different tone: The EU revealed on Thursday a list of American products to which tariffs will apply in the event that commercial negotiations fail.
After the decision of the Fed: that will happen
In the economic front, the president of the Federal Reserve, Jerome Powell, emphasized Wednesday that although the feeling deteriorated, The tariff shock “has not yet hit” since the Central Bank maintained stable interest rates.
The magnitude of tariff disruption in the economy will depend largely on the speed with which commercial agreements are reached. After meeting on Tuesday with Canadian Prime Minister, Mark Carney, Trump said that the responsibility of presenting offers falls to other countries.
“We don’t have to sign agreements,” he said at the White House. “They have to sign agreements with us.”
Source: Ambito
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