Trump is again on customs duties with China | EUROtoday

DOnald Trump calms the sport with China. The American president mentioned that he was going to decrease customs duties with Beijing, after tapping the tone and elevated taxes to 145 %. The Republican admitted, this Tuesday, April 22, that these surcharges had been “very high”, and that they had been going to “lower substantially”. “It is not going to be simply as excessive. It will lower significantly. But it is not going to be zero, “he told journalists in the oval office, reports CNN.

“We are going to be very good, they are going to be very good and we are going to see what’s going on,” added Donald Trump, about the Chinese, insisting that he had a “superb relationship” with Xi Jinping. “Ultimately, they must come to an settlement, as a result of with out that, they are going to now not be capable to commerce with the United States,” he warned. “It is we who will fix the terms of the agreement and it will be a fair agreement. I think it’s a process that will go fairly fast. »»

Read too Faced with China, Trump made a fatal strategic errorLast week, a source in the Chinese government told CNN that Beijing was open to commercial negotiations with the United States, but that any discussion should be based on “respect”, as well as on greater “coherence and reciprocity” on the part of the Trump administration.

The Fed boss remains in office

Trump imposed 145 % import taxes on China, which retaliated by imposing 125 % customs duties on American products, which caused a certain volatility on stock markets and aroused concern about the slowdown in global economic growth. The financial markets also gathered after Donald Trump’s criticisms of the Fed boss, which he threatened to dismiss.

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The kangaroo of the day

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Faced with the world panic of markets, the president mentioned that he “did not intend” to return the president of the federal reserve, Jerome Powell. “No, I have no intention to turn it […] I would like to see him be a little more active in the implementation of his project to lower interest rates. This is the ideal time to lower interest rates. If he doesn’t do it, is this the end? No. This is not the end, ”he said on Tuesday, according to remarks reported by Reuters.

These statements had been instantly welcomed by Wall Street, the time period contracts on inventory market indices jumped nearly 2 % when resuming commerce on Tuesday night. At the identical time, Elon Musk introduced to distance himself from the Trump administration, to dedicate itself extra to Tesla, whose revenue collapsed within the first quarter.