Donald Trump makes an agreement with China

In the customs dispute with China, US President Donald Trump assumes an agreement. “We are confident that we will work out something with China,” said the Republican at an appointment in the Oval Office. China has already contacted the US government several times and there were very good conversations. However, Trump did not want to say whether he spoke to China’s head of state Xi Jinping. At the same time, he emphasized that you had a lot of time.

Trump claims that you will agree with all trading partners. If not, that’s okay. When asked by a journalist, when an agreement was to be expected, he said: “I would think that this will be complete in the next three or four weeks.” It was unclear whether he only referred to China or other countries. His conversation with Italy’s Prime Minister Giorgia Meloni, who was a guest in Washington on Thursday, was “great”.

Trump continued that the USA had to be imagined like a “large, beautiful department store” before this business was destroyed by the Internet, “and everyone wants a piece of this business.” His first term was the most successful “in the history of the country,” said Trump. “And I think we will surpass it this time.” Now there is only a “small transition” with a view of tariffs. Everything will be “great” for the USA.

According to Trump, the aim of the tariffs is to bring more production to the USA. However, experts point out that the construction of factories takes years – while price increases through tariffs can quickly hit consumers. The US Federal Reserve FED goes from the fact that US economic growth will slow down this year because of aggressive customs policy.