The US president Donald Trump decided to extend for 90 days the declining to Front of customs duties that has opened with the Chinaa few hours before the truce ended in this field between the two forces, the largest economies on the planet.
Trump signed a executive decree yesterday that formalized the truce, while also clarifying through Truth Social that all other elements of the two sides “remain the same”.
China “continues to take significant measures (…) to reassure US concerns about economic and national security (their),” he said in a decree made public by his services at the White House, and added that Mr Trump has ruled that it was “necessary and dedicated to the 10th.” In Chinese imported products.
Almost simultaneously, the official Chinese News Agency New China broadcast a joint announcement coming from the Sino -American negotiations in Stockholm and that Beijing will also extend the truce.
China thus continues its suspension to increase duties for 90 days since August 12, while also maintaining, like the other side, the additional 10% tariffs on US imported products, according to the same source.
After being involved in the spring in a harsh conflict for trade, exchanging the unanimously prohibition of customs duties, three -digits, Washington and Beijing closed a 90 -day truce agreement in Geneva.
Temporarily that agreement set 30% of US additions duties Chinese products and 10% of Chinese in American.
Other circles of negotiations between senior officials in the two countries followed in London and Stockholm to avoid a new escalation to keep the truce on the rails.
Earlier yesterday, Donald Trump told the White House that the negotiations of the two sides are going “rather good”.
“The relationship between (Chinese) President Si (Jing) and me is very good,” Trump also told the press.
Beijing, for its part, has not stopped reiterating that it wants a “positive” outcome of Washington’s negotiations.
“We hope that the United States will work with China to implement the significant consensus reached during the telephone conference (June) of the two heads of state (…) and will try to provide positive results on the basis of equality, respect and respect for its equality, respect and reciprocal benefit.”
US Trade (USTR) Representative Jameson Gree had stated after the negotiations in Sweden that Donald Trump would say the “last word” of the prolongation of the tariff truce.
The US president seemed determined to extract last -minute concessions. Monday morning, he called on China via Truth Social to “quadruple American soy markets”.
Beijing is “worried about soy shortages. Our great farmers produce the best variety of soybeans, “Donald Trump said, assuring that these markets would” significantly reduce “the US trade deficit over China, thanks to the rapid increase in Chinese imports. The message concluded: “Thank you President Si”.
After all, the Republican said yesterday that gold would not be tailored, it would remain unmoved by the new costs imposed.
Following the publication of the Financial Times article and the publication of a document of the US Customs, investors were worried at the end of last week to impose additional duties on precious metals. Their prices took off.
After returning to the White House in January, the US president imposed a new customs duties on almost all products imported into the US.
They range from 10% to 50% by country, without calculating branch duties affecting specific sectors (automaker, steelmaking, etc.).
Trump has not stopped threatening to impose young people, either in the name of the protection of US industries (pharmaceuticals, semiconductor production and micro -circles …) or, in some cases punishment in specific countries for political reasons.
Source: Skai
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