Washington (AP) – President Donald Trump Friday, floated prices for reducing prices on China A weekend meeting Among the best officials of the American and Chinese trade as he seeks to defuse the trade war between the two biggest economies in the world.
Senior American officials should meet A high -level Chinese delegation in Switzerland during the first major talks between nations since Trump sparked a trade war with Rigid import prices.
“The 80% price on China seems right! Until Scott B,” wrote Trump on his account on social networks on Friday morning, referring to Scott Bessent, his treasure chief, who was a point of business. The republican president also called on China to open its markets in the United States, writing: “would be so good for them !!! the closed markets no longer work !!!”
The Bessent and United States trade representative Jamieson Greer will meet the Chinese Deputy Prime Minister, He Lifeng in Geneva, in the best known conversations between the two countries for months, according to the announcements this week by the Trump administration and the Chinese Ministry of Commerce. This occurs in the middle of the growing concern of the American market concerning the impact of prices on prices and supply of consumer goods.
No country was harder by the Trump trade war than China, the world’s largest exporter and the second largest economy. When Trump announced his “liberation day” prices on April 2, China retaliated with specific prices, a decision that Trump considered to be disrespectful. The fares on goods have been mounted since then, with American prices against China now 145% and prices in China in the United States at 125%.
The American rate includes a 20% rate linked to Trump’s assertion that Beijing has failed to stem the flow of chemicals used to make fentanyl, and this part of the price is unlikely to be raised in this weekend talks.
Although a tariff level of 80% on Chinese products would represent a significant reduction compared to the current 145%, it would always be an extremely high import right that could create supply chain problems and increase prices.
And even with the reduction, the tariff rate would always be higher than the combined rate of 74% on China that Trump announced during his “Liberation Day” event on April 2.
For China, experts say Beijing would insist that any agreement on the American side is credible and implemented.
Trump had previously declared that he would not reduce the prices against China to organize substantial talks. But he showed signs of softening during an appearance of an oval office on Thursday, when he said that he could “reduce” the rate of 145% billed on Chinese products if the weekend talks were going well.
“We will see,” said Trump. “Right now, you can’t increase. It is 145, so we know that it drops.”
The president’s team acknowledged that the 145% rate was not durable, because taxes at this rate were indeed an embargo for any exchange between the two countries.
But we do not know how Trump can reconcile contradictions in his declared objectives. He wants large quantities of tariff income to compensate for his income tax cuts, but he also wants transactions to increase access to the market for American goods which would likely require lower rates. His aid said he wanted to isolate China, but his prices on other business partners make it difficult to create a lasting alliance on trade.
The publication of Trump’s social media was another sign that the president was mainly negotiate publicly with itself on the prices. He started, made a break, adjusted and then threatened more import taxes, constantly overthrowing while balancing his promises to treat inflation with his affirmations that prices can include the global economy in favor of America.
