US President Donald Trump admitted that he will have to reduce his duties for Chinese goods.
145% is a very high figure, and it will not be so high. It will not even be so high. This will be significantly reduced. But it will not be zero. I’m not going to say: “Oh, I will play hard with China” … We will be very good, they too. The responsibilities will be significantly reduced, but they will not be equal to zero, ”Trump said about the trade war with China, who decided at a meeting with reporters in the oval office.
According to Bloomberg analysts, such a softening of the rhetoric of the US President is associated with the instability of the markets, which headed his customs policy, as well as pressure from large enterprises and economic consultants.
Trump’s comments appeared against the fall of US shares and treasury bonds after he introduced large-scale duties on April 2, both against opponents of the United States and against the allies, and then announced a 90-day delay for most countries.
The White House said that this is “preparation of the basis for an agreement with China”, trying to “reassure” financial markets and investors. And on Tuesday, the US Minister of Finance Scott Immotrot, at a closed meeting with investors in Washington, said that he was expecting a de -escalation of the trade war between the States and China.
Source: Racurs
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