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Donald Trump said that an 80% price on Chinese imports “seems right” while the American president exercises a position before talks between Washington and Beijing this weekend.
Friday, Trump posted on his social platform Truth: “The 80% price on China seems fair!” Until Scott B ” – A reference to a meeting that should start on Saturday in Geneva between the American representatives led by the secretary of the Treasury Scott Bessent and the Chinese officials.
Trump also posted: “China should open its market in the United States – would be so good for them !!! The closed markets no longer work !!!”
Washington and Beijing were locked in an escalation trade war Since Trump launched high prices on all the main business partners in early April, shaking the world economy.
Many American allies have chosen to try to negotiate with the Trump administration rather than to retaliate with their own prices. However, Beijing retaliated with samples from American products, which prompted Trump price On China at 145%.
Speaking Thursday at the Oval Office, Trump suggested that the United States was open to reducing its prices on Chinese products after the meeting between the United States and Chinese officials in Switzerland this weekend.
Previous reports had indicated that the Trump administration was aimed at reducing prices below 60%.
People familiar with the case said that the figures that Trump was floating in his social post of truth was probably a negotiation tactic before Saturday's talks rather than a real target.
Trump's comments on the US -Chinese trade war in recent months have proven to be unreliable several times, notably the claims that he spoke to the Chinese president Xi Jinping since his taxation of prices – which, according to familiar people, was not the case.
Bessent said earlier this week than his meeting with His Chinese counterpart Il Lifeng was not intended to negotiate a big business, but was an effort to defuse the trade war. Bessent said that the current high level of prices that the United States and China had imposed itself was “unsustainable”.
The meeting with Chinese officials comes only a few days after the United States Tromeal work with the United Kingdom. The United States was locked in negotiations with several countries in the last month, since Trump interrupted his prices for 90 days on most business partners.
Friday, Trump wrote on social networks that there were “many commercial offers in The Hopper, all good (great!”! ”
In private, however, many foreign officials have indicated that discussions with the United States seem to progress slowly, American officials unable to articulate specific requests.
The United States's agreement with the United Kingdom has left the reference rate of 10% of Trump in effect, although the United Kingdom is authorized to export 100,000 cars to the United States without an additional 25% of Trump on automotive imports.
Despite the United States's steep prices on China, Friday data showed that China exports has increased sharply in Aprilstrengthen Beijing's hand before talks.
The high performance has occurred while Chinese companies have diverted trade flows to Southeast Asia, Europe and other destinations following the taxation of Tit-For-Tat prices. Exports increased by $ 8.1% compared to a year earlier, China customs said.
