Hong Kong: the markets increased Tuesday (April 29) following news that Donald Trump is on the point Leave car manufacturers Some of his large -scale prices, stimulating the hopes of a less combative approach to his trade war.
A month that started with the explosion of Washington's “Liberation Day” prices on April 2 was on the right track for a more positive fence while governments align to reduce agreements to avoid all the strength of the measures.
The White House said that foreign automotive companies paying 25% prices for their shipping cars and American parts would not face other samples such as those in steel and aluminum, said the Wall Street Journal. Companies will also be reimbursed for the costs already paid.
This decision aims to ensure that the various prices that Trump has unveiled do not accumulate on each other.
Commerce secretary Howard Lungick said that the agreement was “a major victory for the president's trade policy”.
He said that it had rewarded companies “which made at the national level while providing a track to manufacturers who expressed their commitment to invest in America and extend their national manufacture”.
Stephen Innes of Spi Asset Management said that this decision had been able to “strengthen the hope of the market that, even if the American-Chinese heavy goods vehicles are still encircling each other, there is still room for an incremental relaxation elsewhere “.
Although there is hope that the other president's other scanning measures on business partners can be tempered before a 90 -day execution stay ends in July, there seems to be little movement with China.
The White House imposed 10% prices On most American trade partners and a separate 145% Levy on many China products. Beijing responded with 125% prices of himself.
Last week's reports said China planned to exempt certain American goods from its reprisals, but officials said there were no active negotiations between economic superpowers.
On Monday, a Chinese official denied Trump's claims that he recently talked to President Xi Jinping.
The chance of an agreement between the two for the moment seems distant, the American secretary of the Treasury, Scott Bessent, told CNBC that the negotiations were underway, but the ball was in the Chinese courtyard.
“As I have said on several occasions, I think it is up to China to defuse, because they sell us five times more than we sell to them. So these 125% prices are unbearable,” he said in an interview broadcast on Monday.
