Bringing additional relief to the global markets frightened by its aggressive trade policies, Trump also said on Tuesday that he did not intend to dismiss the president of the American federal reserve Jerome Powell.
Since his return to the White House in January, Trump imposed Additional rates of 145% On many China products.
These include functions initially imposed on the alleged role of China in the fentanyl supply chain and later during practices, Washington considered unfair.
Beijing responded by scanning 125% counter-triggers On American products, but reiterated Wednesday that it was willing to engage in commercial negotiations.
“China pointed out very early on that there are no winners in pricing wars and commercial wars,” said Chinese Foreign Ministry spokesman Guo Jiakun at a daily press conference in Beijing. “The door of the talks is wide open.”
Chinese President Xi Jinping also warned on Wednesday that commercial wars “undermine the legitimate rights and interests of all countries, harm the multilateral trade system and have an impact on world economic order,” said the media.
Beijing's reiteration comes after Trump recognized that 145% was a “very high” level and that “will drop considerably”.
“They will not be close to this number” but “it will not be zero,” he said.
“In the end, they must conclude an agreement because otherwise, they will not be able to face the United States.”
These comments came after the secretary to the treasury, Scott Bessent reciprocal commercial embargo.
Bessent said he was expecting de -escalation in the near future, according to a person who was in the room.
Such development should bring markets to statements, he added during the event hosted by Jpmorgan Chase, which was not open to the press.
