Another step back to the trade war he has declared to Chinadid the Donald Trumpheralded the duties reduction to 80% from 145% announced a few weeks ago.
While Chinese President Xi Jinping is in Moscow and participated in the parade – a demonstration of power by Vladimir Putin for Victory Day, Donald Trump through the Truth Social platform, announced that he is considering changing the US.
The US president made sure to try to fly the new Kolotuba on him by writing that the US minister will decide on the height of duties in China. But he gave the mark, stressing that 80% in China seems right!
“80% of duties in China seem to be right. In the hand of Scott B, “Trump said, referring to Finance Minister Scott Bessed on the eve of trade talks between the two countries.
In a previous post a little earlier, the Republican stressed that “China should open its market in the US – it would be so good for them !!! Closed markets are no longer working !!! “.
It should be noted that yesterday (8.5.2025) Trump left open the possibility of duties in China, stating from the White House that he expects that he expect There will be substantial negotiations between the US and China For this trade this weekend (10-11.5.2025), stressing that duties could not exceed 145%. “You can’t go higher. They are 145%, so we know they will be reduced, “Trump said. “I think we will have a good weekend with China. I think they have a lot to win.
Yesterday’s statements about China came shortly after Trump had announced the conclusion of a trade agreement with Britain, the first agreement after the imposition of duties. Of course, the details of the agreement were not clear and no document was signed during the event, as it was noted that the talks that would start tomorrow would bring the final details.