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April 24, 2025
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Trump is looking for a "Fair agreement" With China

The commercial duel becomes a trench war between the US and China

Asked if he filed conversations with Beijing, the Republican tycoon replied: “Everything is active.”

Commercial tensions between the two largest economies in the world have shot themselves after the increase in import tariffs from China this year, with additional 145% About many products due to practices that Washington considers unfair, among other problems.

In turn, Beijing responded with new Customs rates of 125% About US products.

Hours before, China claimed to be open to Dialogue with Washington.

“If we have to fight, we will get to the end, but the doors of the dialogue remain open in par,” said Guo Jiakun, spokesman for the Chinese Ministry of Foreign Affairs.

But Scott Besent, secretary of the US Treasury, said the conversations have not begun.

“I think both parties are waiting to talk to the other,” he said in an act outside the spring meetings of the International Monetary Fund (IMF) and the World Bank (BM) in Washington.

He also estimated that the levies applied by both countries must decrease as a prerequisite for any negotiation.

No “sustainable”

“I do not believe that any of the parties consider the current tariff levels sustainable, so I would not be surprised if they were reduced in a mutual way,” he added.

“This is equivalent to an embargo, and a commercial break between the two countries does not benefit anyone,” Besent said.

He stressed that “it is possible to be removed by both parties.” He did not give a date or a deadline for bilateral conversations.

The hope of relieving pressures made financial markets recover on Wednesday. In Wall Street, Dow Jones won 1.07%, the Nasdaq +2.50%index and the S&P 500 +1.67%index.

Donald Trump imposed tariffs on all United States commercial partners at the beginning of April, particularly from Europe and Asia, which caused a storm in world markets.

A week later he reduced them to 10% universal except for China.



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