Washington: The President of the United States, Donald Trump, said on Friday May 9 that he could reduce prices on Chinese imports, while rival superpowers are preparing for trade negotiations in Switzerland this weekend.
“The 80% price on China looks right!” Trump wrote on his social platform Truth, which would drop them by 145%, with cumulative tasks on certain goods reaching 245%of 245%.
He added that it was “at the height of Scott B.”, referring to the American secretary of the Treasury Scott Bessent, who will face himself with the Chinese vice-minister, He Lifeng this weekend in Geneva to try to cool the conflict that turns international markets.
The US trade representative Jamieson Greer will also attend commercial talks in Switzerland.
In his post, Trump did not say if he thought that 80% should be the final and final level for prices on Chinese products if and when the trade war ends, or a temporary status.
In another article, this time in capital letters, Trump said that “China should open its market in the United States – would be so good for them !!! The closed markets no longer work !!!”
In retaliation for the steep Washington prices, China has slapped 125% of samples from American products.
“I think it is essentially to show that the two parties speak and that this is very important,” XU Bin, professor of economics and finance at China Europe International Business School, told AFP. “Because China is the only country with tit-for-tat prices against Trump's prices.”
Beijing insisted that the United States must raise prices for the first time “unchanged” and have committed to defend its interests.
Bessent said that meetings in Switzerland would focus on “de -escalation” – and not on a “Big Trade Deal”.
Friday, the head of the World Organization for World Trade based in Geneva praised the talks, calling them a “positive and constructive stage towards de -escalation”.
“The sustained dialogue between the two largest economies in the world is essential to alleviate trade tensions, preventing fragmentation of geopolitical lines and safeguarding global growth,” said Ngozi Okonjo-Iweala, according to a spokesperson.
