Trade war
Trump “optimistic” about agreement in the customs dispute with China
The trade war between China and the USA has recently escalated with even higher tariffs on both sides. Donald Trump now carefully sends conciliatory signals.
In the escalating customs dispute with China, US President Donald Trump sees the chances of an agreement “optimistic”, according to his spokeswoman. “The president made it very clear that he is open to a deal with China,” Trump’s spokeswoman Karoline Leavitt said on Friday as journalists in the White House. “He is optimistic.”
Previously, China had explained to increase its tariffs to US imports to 125 percent-a response to the increase in US tariffs to Chinese imports to a total of 145 percent.
Donald Trump plunges into chaos global economy
Trump had imposed a number of new tariffs in the past few weeks and thus aroused worldwide fears from a devastating trade war. On Wednesday, the US President took a surprising U-turn and suspended a variety of customs increases for 90 days.
However, the punitive tariffs against products from China were excluded. The customs dispute between the two largest economies in the world could affect the global economy. Trump’s customs policy has already led to massive stock exchange turmoil.
US Federal Reserve wants to intervene in the event of cases
A senior representative of the US Federal Reserve representative made it clear on Friday that the FED could intervene with massive risks for the financial markets. The central bank is “absolutely” prepared to ensure that the markets are stabilized if necessary, said the President of the Central Bank of Boston, Susan Collins, which belongs to the Fed network, the “Financial Times”.
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Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
