Donald Trump opens to the China Of XI Jinping. Ensuring that it will be “very kind” during the Commercial interviewsthe American president hovers the possibility of a substantial reduction of duties. A proof of beam that makes the bags and is positively accepted by Beijing: the door of the negotiations “is wide open”.
At the moment, however, there is no ongoing interview between the two economic superpowers. Washington “He hasn’t yet spoken to Dati’s China, said the Treasure Secretary Scott Beesentto which Trump entrusted the commercial dossier. Speaking of “unsustainable” tariff levels between the two countries, Bessent highlighted the need for a “de-Escalation»In order to start a clear and constructive comparison. In this perspective, the hypotheses to the study of the White house For a substantial cut of the rates to China, currently al 145%to loosen the tension. The duties – according to the rumors of the Wall Street Journal – could drop in a fork between the 50 and the 65%therefore coming more than halved. Another option under consideration is that of a multiple level approach, with duties at 35% on goods Made in China not considered a threat to the safety and al 100% for the products instead considered strategic for American interests. However, no final decision has been still taken by the president. And Bessent assured that there is not or there will be one unilateral reduction: “As I said many times, I don’t think none of the two parts”, that is Washington and Beijing, “believe that the current tariff levels are sustainable, so I would not be surprised if they decreased in a mutual way”.
Trump’s softened tones against China reassures i financial markets. The bags of Old Continent they all close positively, with Frankfurt that salt of the 3.14% And Milan of1.42%. I also make a decisive one Wall Streetalso reassured by the clarification of Trump on the president of the Fed. “I have no intention” to remove it, said the tycoon. The financial squares see in what they consider “one ‘U -reversion»Of the President on China and on Jerome Powell a reduction of theuncertainty and a possible solution to one commercial war from the global impact. While excluding one recessionThe International Monetary Fund In fact, the estimates of world growth For rates and warns on the reduction risks that weigh on the economy. THE duties They are one of the themes on the table of G20 of financial ministers and governors of the central banks gathered a Washington on the sidelines of the works of the fund.
The game between United States And China is playing while the White House continues the Dialogue with the European Union. Of the first contacts between Trump and the president of the Ursula von der Leyen EU Commission there may be on Saturday, when the two leaders are a Rome for the funeral of Pope Francis. An opportunity at least for one handshakeif not for short relaxing interviews or to set the date of an official meeting perhaps between May and Junetemporal span that would allow you to continue working to hit at least one frame of commercial agreement. THE’EU continues to hope to be able to reach an agreement but prepare for the worst and, in a taste of the bazooka which could use against the United States of Trump, has fined Apple For 500 million euros And Half For 200 million for violations of the Regulation on DMA digital markets. A move that appears like a warning to the American president, who has been criticizing the European hard punch against big tech And he went to define the fines imposed. Trump did the Silicon Valley defense from European attacks a priority seen also its ever closer relationships with i Tech billionaires. Mark Zuckerberg of goal e TIM Cook of Apple were at the ceremony of his oath And they helped to finance it. Their hope now is that the president can help them in theirs battle.