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The president of the United States, Donald Trump, has indicated his opening to reducing tariffs in China before the high -risk conversations of Saturday between the two largest economies in the world, since both parties see to descalize their commercial war.
In a publication about his Truth social network, Trump suggested that the United States could almost half of his tariffs on Chinese products, which are now in 145 percent, while asking Beijing to open his markets to US products.
“80% of the Chinese rate seems correct! With Scott B,” he said, in a reference to the gin meeting directed by the United States side by the Secretary of the Treasury, Scott Besent.
Besent and trade representative Jamieson Greer met with the Vice Primer Minister of China, he Lifeng, while the two countries seek to look for ways to relax their enormous levies to each other in a confrontation that threatens the global economy.
Howard Lutnick, Secretary of Commerce of the United States, in an interview with Fox News on Friday for Friday said that current tariff levels in China would lead to “decoupling” between the two economies, and said Trump was anxious to “climb” the commercial conflict. Even so, he said that “the president will maintain significant tariffs about trade with China. That is his goal, those are his expectations.”
Despite current United States current tariffs on China, Friday’s data showed that China’s general exports grew sharply in April, strengthening before conversations.
As Chinese companies diverted the commercial flows of the United States to Southeast Asia, Europe and other destinations, exports increased 8.1 percent in terms of dollars compared to a previous year, said China’s customs service.
Later, on Friday, the White House clarified that Trump “still remains with his position that he will not unilaterally knock down tariffs on China. We also need to see concessions from them,” said press secretary Karoline Leavitt to journalists.
“As for the number of 80 percent, that was a number that the president launched and we will see what happens this weekend,” he added.
Trump’s “Day of Liberation Day” ads on April 2 shook global markets, which have recovered after the president stopped most of his “reciprocal” taxes.
But that recovery has doubted and US Duits. In China they remain in place, as well as China’s retaliation rates or up to 125 percent of US imports.
Although the S&P 500 index has been widely recovered from the pronounced losses it suffered just after April 2, it fell 0.5 percent this week and changed little on Friday.
Libby Cantrill, head of public policy of the US Bonds Group.
He stressed that trade agreements historically took an allocation of 18 months to agree and another 25 to implement, and that the relationship between the United States and China “only deteriorated” from Trump’s first mandate.
“We could see a positive reaction of the Variable Income Market, but any agreement would be alone,” he said.
Trump’s suggestion on Friday that Washington’s duties could in Beijing arrived a day after an agreement concluded to provide a tariff relief to the United Kingdom, the first since the commercial war began in April.
But the people familiar with the matter said that Trump’s figures floated in their true social position were probable a negotiation tactic before Saturday’s conversations instead of a real objective.
The China Ministry of Commerce said this week that it had decided to commit to the US. “Based on the thorough consideration of global expectations, China’s own interests and calls from US companies and consumers.”
Beijing had previously said that the United States should tariffs as a previous condition for negotiations, but since then it has softened its position.
Besent, who has characterized the gin meeting as an attempt to de -desalize the commercial war, also described the current rates of the United States and China in each “non -sustainable” mind.
The United States Federal Reserve warned this week that Trump’s tariffs had increased the uncertainty of policy formulators and could increase both inflation and unemployed.
Washington has been locked in negotiations with other countries during the last month, since Trump stopped their tariffs on most commercial partners for 90 days.
On Friday, Trump wrote on social networks that there were “many commercial offers in the hopper, all good (great!).
However, in private, many foreign officials have indicated that conversations with Washington seem to be slowly progressing, with US officials unable to articulate specific demands.
Additional reports from William Langley in Guangzhou, Joe Leahy in Beijing and Steff Chávez in Washington
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