Special difficulties in Washington have emerged in negotiations in China, which has the “non -economic economic”, focused, according to the Immortal, in the creation of jobs, and not in profitability.
The United States can reduce import duties from other countries if trading imbalance improves. It was said by US finance minister Scott Immotrot in an interview for Nikkei.
“Over time, tariffs should be a soluble ice cube. If labor is back to the United States, we will need to import less. So, we will restore the balance,” said the immortal.
He was also touched by negotiations with countries that have not yet entered into trade agreements. According to the US Minister of Finance, Washington completed these negotiations before the end of October.
The publication record that trade negotiations with China is of utmost importance for the United States.
In particular, the immune said doing business in China is “difficult”, because this country has a “non -economic economy.” He added that such economies have other purposes.
“We believe that most of the products are made below the cost. This is a program for creating jobs. They have job goals. They have labor goals, not profitability,” he said.
Also, it is explained that tariff policy is a way to increase tax revenues and protect the US industry.
Earlier it was reported that Indian Rupei recorded the worst fall in six months due to the deer introduction of a new 25% tariff for Indian goods.
However, Trump’s tariffs were also beaten by American companies. Thus, Apple costs have increased a billion dollars due to duties.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.