The US President Donald Trump remains unmoved in his place that the unilaterally will not be reduced unilaterally duties In Chinese products without some concessions from China, the White House said.
Earlier Donald Trump It was implied that it could reduce duties in China to 80%from 145% today, as the two sides are preparing for conversations this weekend in Switzerland.
«This was a number that the president threw this way, we will see what will happen at the weekend“Said White House spokesman Caroline Levit.
Anyway If 80% stands out this will mean a great retreat over Donald Trump’s decisions for 145% imposition for all products introduced by the US from China. However, it does not seem capable of reassuring analysts.
Despite the fact that in Wall Street there were restricted losses, analysts and heads of commercial businesses had the expectation of a statement that would speak of a greater reduction.
This is because, while the 80% duty is a significant duty decrease by 145% of many Chinese products today, but the percentage can make trade with many businesses prohibitive.
According to CNBC analysis, the “burden” of this duty can be perceived when compared to the basic 10% duty resulting from the US-British trade agreement announced on Thursday.
It is not still clear whether Trump wants 80% to be the long -term duty for China or whether it should be considered as one step in the negotiations. However, until the percentage is further reduced, the financial impact on businesses remain huge.
China is one of the largest US trade partners. In 2024, the US exported $ 143.5 billion in goods to China and introduced $ 438.9 billion.
The data show a dramatic reduction in the amount of goods transferred from China to the US, leading to concerns about the possibility of higher prices or even shortages of certain goods in the coming weeks.
Today’s comments, even if they were subsequently denied about China’s duties, however, seem to mark a change for Trump.