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Donald Trump has put forward the idea of reducing US trade tariffs against China to 80 %, as the main peace talks between the two sides are preparing to start.
The weekend meeting, which includes senior officials from both countries in Switzerland, is seen as an opportunity to reduce the most harmful and punitive element in the trade war.
At stake for both sides, not only the deteriorating local expectations but weakening the global economy.
The president said on the social truth platform, hours after agreeing to a temporary agreement with the United Kingdom, the president said: “80 % tariff On China it looks right! Randing Scott B [Bessent]”
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This means that the decision will lie with Scott Bessen – the US Treasury Secretary, who will lead the American delegation in the talks in Geneva.
The result is eagerly awaiting after several rounds of the high customs tariffs whose total duties are currently 125 % on American imports to China and 145 % on Chinese goods that reach America.
Both levels are up to an effective commercial embargo, given the severity of the numbers.
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The announcement of the talks in Switzerland this week was welcomed through the financial markets, as international and international stocks rose on Friday in anticipation of cooling in commercial hostilities between the two largest economies in the world.
Investors are not interested in high prices, if not blackmail, but also affect the offer.
The effects are already in both economists.
Fears of a commercial war really means that the American economy that was contracted during the first three months of the year, while the US Central Bank has affected discounts in interest rates on the basis that the customs tariff that applies to imports by the Trump administration worldwide will significantly attract inflation.
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Official data outside China has not yet shown any clear pain, but investigative studies indicate a decrease in factory orders.
The fact that China suffers from suffering was established on Wednesday when the country’s central bank reduced interest rates and reduced banking reserve requirements to help free more funding for lending.
The authorities also agreed to the wider borrowing facilities to help manufacturers.
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It will be hoped that enhancing activity in the economy will help raise prices in general, as China continues to fight shrinkage.
Officially, China indicated that it wants the United States to provide the first concession.
Its Deputy Prime Minister in Geneva is leading Living – a number inside China who has gained an international reputation as an effective negotiator.
A spokesman for the Ministry of Commerce said about the possibility of a breakthrough when confirming the talks: “The Chinese side has carefully evaluated information from the American side and decided to agree to contact with the United States team after full consideration of global expectations, Chinese interests and calls from American companies and consumers.”
