Countries make agreements without the United States

After US President Donald Trump broke – or at least fractured – global trade relations and supply chains, there are promising reconstruction signs in recent days. Indeed, the American secretary of the Treasury, Scott Bessent, said on Monday that the country was “very close to certain offers”.

On Tuesday, the newly elected Canadian Prime Minister Mark Carney met Trump in the White House, potentially resetting a bilateral relationship that has been tense since January. And Chinese Deputy Prime Minister, He Lifeng, is expected to meet in Switzerland this week for commercial negotiations.

But enter the hurricane that is Trump, again. “We do not have to sign agreements, they must sign agreements with us. They want an element of our market. We do not want an element of their market,” said Trump when meeting Carney, contradicting the complaint of White House officials for weeks that such transactions are the absolute priority of the administration. The markets fell after his comments.

Ironically, the growing protectionism of the United States can help other countries forging narrower economic ties with each other. The United Kingdom and India have agreed from a bilateral trade agreement that will remove prices on most articles in a decade. Meanwhile, Anase and China should meet on May 19 to negotiate improvements to a free trade agreement, according to Malaysian Prime Minister Anwar Ibrahim on Monday.

It can be new bridges built after Trump’s prices. But these connections could bypass the United States – which, according to Trump, do not need transactions anyway.

Officials of the United States and China meet
The American secretary of the Treasury, Scott Bessent and the commercial representative, Jamieson Greer, will meet their Chinese counterparts in Switzerland this week to discuss economic and commercial issues, their offices announced on Tuesday. Later in the day, the Chinese Foreign Ministry said that Deputy Prime Minister He Lifeng, the highest responsible for Beijing for China-US Economic and Trade Matters, will meet Bessent in Switzerland, reported NBC News.

The United Kingdom and India are reaching a trade agreement
The United Kingdom and India concluded a bilateral trade agreement on Tuesday, under which a majority of goods exchanged between India and the United Kingdom will become “fully without a price in a decade”, according to the British government. India will begin to reduce the prices on key exports of the United Kingdom such as whiskey and cars, while the United Kingdom will remove all prices on 99.1% of imports once the agreement is in force, said the Indian government.

The Chinese Central Bank facilitates monetary policy
The Banque Populaire de China will reduce the opposite redemption rates of seven days by 10 basis at 1.4%against 1.5%, which lowered the loan rate by around 0.1%, Governor Pan Gongsheng said on Wednesday. The central bank will also reduce the reserve requirement rate for banks of 50 basis, releasing an additional liquidity of 1,000 billion yuan (138.6 billion dollars) on the market.

Second day of consecutive loss for American indexes
American actions fell on Tuesday after Trump made belligerent comments on commercial transactions. THE S&P 500 decreased by 0.77%, the Industrial average Dow Jones lost 0.95% and the Nasdaq Composite remote by 0.87%. The Asian-Pacific markets checked on Wednesday. Hong Kong Hang Seng index jumped up to 2% on the news of the political measures of the PBOC, before reduced its earnings to around 0.6%.

AMD beats the benefits of profits, warned of flea checks
Advanced micro-apparents On Tuesday, announced results for its first quarter for the exercise that exceeded expectations and gave solid advice for the current quarter. Forecasts include $ 800 billion in costs due to American export limits on artificial intelligence chips. On a related note, Nvidia CEO Jensen Huang said on Tuesday that China’s artificial intelligence market will likely reach around 50 billion dollars over the next two to three years, and that missing would be a “enormous loss”.

India says that she made strikes in Pakistan
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