These statements contradict US message in recent weeks, with officials talking about progress in a series of trade agreements
With a barrage of suspension on social media, and with unobtrusive statements a few hours later, Donald Trump escalated the trade war that the White House appeared to be diverged for weeks, comments on Axios.
It was a reminder that there would be no permanent commercial peace in this government, only bother in a trade war of uncertain duration. This reality could keep the nerves of the capital markets stretched.
At the same time Trump threatened to impose Minimum 25% duty on Apple If the technological giant does not carry production to the US.
“I have long informed Apple’s Tim Cook that I expect their iPhones to be sold in the United States of America will be manufactured and assembled in the United States, not in India or anywhere else,” Trump Social showed.
“If this is not the case, Apple should pay at least 25% duty to the US,” he threatened. It is legally doubtful whether the White House could submit a single company to a specific tax.
Many analysts say that the iPhones “Made in the USA” are unrealistic, and that if this was somehow happened, The product would be significantly more expensive.
Apple’s CEO (Tim Cook) has announced billions in investment in US production factories, though Trump said he was still unhappy.
About 30 minutes after this post on Truth Social, Trump said he would have a 50% duty on imports of European products since June 1 – a percentage much higher than 20% of the “Liberation Day” which was later reduced to 10%.
“Our discussions with them do not lead anywhere!” Trump wrote.
These statements come in intense contrast With the US government’s message in recent weeks, with top financial officials talking about progress in a series of trade agreements before the end of the 90 -day suspension of pay duties in early July.
Commerce Minister Howard Latnik told Axios this week that the government would conclude agreements with the “most” key commercial partners by the summer.
“I think most countries will have an idea of ​​what we want to do with them”said Latnik.
At Fox News, Finance Minister Scott Bessed said: “There are 18 major commercial partners. With the exception of the EU, most are negotiating in very good faith. “ He added that with India the talks are “on the right track”.
Latnik told Axios that “with some countries it is impossible” to negotiate, including the EU. It is a body, after all, consisting of 27 democracies, each with its own internal policy.
Trump came back … heavier on Friday night speaking to reporters at the Oval Office. Revived the trade war, stating that it is’ fine‘ With a 50% duty on the Union, in the absence of a trade agreement. “I am not looking for an agreement with the EU” The US president expressed.
And all this even though Vice President Jay Di Vance met with Georgia Meloni on Sunday, and implied that the meeting would help strengthen the commercial talks.
Commercial tensions were temporarily shown to be transferred to a second shot. Trump reminded the financial markets that he might aGreat tensions whenever he wants.
Source: Skai
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