Donald Trump extended by another 90 days the truce on duties with China in an attempt to stabilize the relationships between the two major economies in the world. The extension is attached the fears of a new possible commercial war and grants the two countries more time to deal with and try to solve the not yet dissolved nodes, from the trafficking of Fenanyl to the activities of American companies in the country. The turning point on Beijing – according to CNBC, the Tycoon signed an executive order for the extension – coincides with the clarification by the administration of another important piece of presidential commercial policy: on the gold imported in the United States, no duties will be imposed. Words that are reassurance for financial markets, where precious metal prices reduce session losses. Trump held the covered cards on extension to the end.
«China is worried about the deficiency of soy. I hope that orders quickly quadruple. This is a way to reduce the commercial deficit with the US, “he said on Truth before the announcement of the extension thus increasing the pressure on Beijing. The commercial match with China is intertwined with that of Russia by the end of the war in Ukraine: the dragon, like India, is a buyer of Russian oil and Trump would like a tight. To send a clear message, the White House has imposed 25% duties on New Delhi for its Russian oil purchases and it is not excluded that it can also do it with Beijing. «We are evaluating. The case of China is more complex than that of India, “admitted the vice -president JD Vance. The respite with Beijing includes some loosening of the restrictions on the export of rare lands and some technologies. Just on the latter front, the battle between the two economic superpowers is particularly fierce: the clash is consumed on artificial intelligence and on those chips necessary to make it work.
Semiconductors produced mostly in the United States from Nvidia and AMD, with which Trump managed to snatch an unusual agreement. The administration has in fact granted them the licenses to export some of their semiconductors to the IA to China. Based on the agreement, however, the two companies will have to pay the American government 15% of Chinese revenues made with the sales of the H20 and Mi308 chips. “I would have liked 20%,” said Trump, telling his negotiation with the CEO of Nvidia Jensen Huang and defining the H20 semiconductor as “obsolete” compared to those in circulation in the United States. “I think Huang will also come to see me for Blackwell,” one of the new Nvidia chips, said Trump opening the possibility of making an agreement in this case. Blackwell semiconductors will still be less powerful than those for sale in the United States, he added.
Europe awaits Trump
To wait for indications from Trump is not only China. Europe is still waiting for Washington’s green light at the joint declaration on the Turnberry pact of 27 July between the Ursula von der Leyen and the Tycoon. «The EU is concentrated on obtaining the maximum positive result from the interviews with the United States. A few weeks ago, we were faced with a 30%duty. We managed to reduce it to a maximum roof of 15% (including clear commitments by the United States on cars, pharmaceutical products and semiconductors). The work continues, “wrote the spokesman for the European Commission responsible for trade, Olof Gill. In Limbo also Brazil after the expected meeting with the Treasury Secretary Scott Beesent has been canceled and no new date has been set. A cancellation that is a serious blow to Brasilia, whose relations with Washington have been quickly deteriorated since Trump has imposed in recent weeks at 50% in the context of a pressure campaign to convince the Brazilian Supreme Court to drop the accusations against the former president Jair Bolsonaro.