President Trump suggested on Friday that he was open to reduce the rates imposed by the United States on China, because American and Chinese negotiators are preparing themselves this weekend in Switzerland for commercial interviews with high efforts.
Trade stresses between the US and China have wrapped international markets and the global economy. The negotiations on Saturday and Sunday are intended to de-escalate the situation and to determine the scene for a broader trading pact between the two economic super powers.
In a post on social media, Mr. Trump said that a rate of 80 percent on China looks ‘good’, adding that it would be ‘to Scott B’, a clear reference to Finance Scott Bessent Minister. A rate of 80 percent would be a major decrease compared to the 145 percent rates that Mr Trump has applied to Chinese input in recent months, but would still be limited to trade between the two countries.
While the Trump administration has raced to conclude trade agreements with other countries, it has remained in an impasse with China. Earlier this week the two parties had agreed to hold meetings in Geneva that will include Mr Bessent; Jamieson Greer, the American trade representative; And he Lifeng, the Deputy Prime Minister of China for economic policy.
Mr Bessent has argued that the rates and trade restrictions that the United States and China have not -are not -sustainable “and have to start at Beijing on Beijing on talks to tackle what the Trump administration regards as unfair commercial practices.
Despite Mr. Trump’s affinity for imposing rates, he argued in a separate position on Truth Social on Friday for open markets and called China to expand access to American companies.
“China should open its market for the US – would be so good for them !!! closed markets no longer work !!!” Mr. Trump wrote.
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