The American president offers 80% rates for Beijing. Tomorrow, in Switzerland, USA and China will begin dialogue on the duties.
«After God, religion and love, duties It is the word I love most ». You can think what you want of the American President Donald Trumpbut not that he is not a man of speech. Also yesterday, after having announced the first “great commercial agreement” relating to the duties from the oval study, signed with the United Kingdoma 10% rate on most of the imported British goods, however, remained in force.
Something, however, the British Prime Minister Kier Starmer He got it. In fact, the agreement provides for the zeroing of the duties of 25% on British steel and aluminum and the 10% reduction for cars (with an annual fee of 100,000 exempt vehicles). In return, London will open the market with beef, ethanol and American drugs, with a potential earnings of 5 billion dollars for US exports.
Trump stressed that the universal duty of 10%will still remain on the goods imported from the United Kingdom, generating estimated revenues in 6 billion for Washington. The American president also stressed that the one signed by London is probably the agreement to the best possible conditionsas if to say that for other countries the rates will be higher.
The American president also spoke of China, expressing optimism on the negotiations to be held tomorrow among the secretary of the American treasure, Scott Bessentand the Chinese vice premier, He lifengeconomics expert. The interview, which will be held tomorrow in Geneva, Switzerland, It will only be a first approachdeed to verify the preliminary conditions for a possible future agreement, and, in the event of a positive response, to lower the rates now in force (of 145% for the Chinese goods imported in the USA and 125% for the American goods imported to China).
Today Trump has again ventilated a possible reduction of duties on Chinaaffirming on his social network Truth that “a rate of 80% looks rightAnd leaving the decision to the secretary of the Treasury Scott Beesent. First, however, the Tycoon wanted to clarify that “China has to open its market to the United States! It would be an excellent move for them !! ».
Beijing, despite having substantially open to dialogue, insists that the US must “remove unilateral duties” and respect “equality and reciprocity”. Meanwhile, The April data on Chinese trade show a total growth of 8.1% compared to last year, but also certify a 17% collapse of exports to the United Stateswith a bilateral surplus reduced to 20.46 billion dollars.
The Chinese central bank, meanwhile, has reacted with cuts of interest rates to mitigate the economic impact and stimulate economic growth, a measure that for a few months Trump has been asking for coloring the chief of the Federal Reserve for a few months, Jerome Powellhowever, finding positive response.
