SHAWN THEW / EPA
Charts with the list of tariffs imposed by President Trump, a country per country, on the “Liberation Day”.
The United States admit that the current level of tariffs between the country and China “is not sustainable.” Asian superpower is “wide open doors” to negotiate, but requires respect.
The US Treasury Secretary, Scott Bettingadmitted this Wednesday that the current level of tariffs between the country and China It is not sustainable.
“I think both parties are waiting to talk to each other,” Bessent said on the sidelines of an event in Washington.
This comes the day after Donald Trump Tuesday expressed their optimism as to the possibility of the US and China to reach a trade agreement.
The US president said that customs rights about Chinese products would be “substantially reduced” – a statement that positively affected the financial markets.
After Trump signaled a possible retreat in the tariffs, the China stated that he was wide open doors ”to negotiations with the US.
China asks for dialogue (and respect)
Still, the Chinese government asked the United States to “stop exercising pressure” and Show respect if you really want to solve the different commercial.
“If the United States continues to want this tariff war, China will continue to respond to the end. If they want to negotiate, the door is open. But if they really want to negotiate, they must stop exercising maximum pressure and go to dialogue based on equality, respect and mutual benefit,” said Chinese diplomacy spokesman Guo Jiakunat a press conference.
The spokesman insisted that “China doesn’t want a trade war”but “is not afraid to face it if necessary.”
Guo also stressed that the USA “no support” in its tariff disputes And that “more and more countries will resist,” answering a question about Chinese diplomatic efforts to ask other countries, such as Japan, to cooperate with Beijing against Trump’s fares.
Beijing has previously warned that it will not accept international agreements that are reached “at the expense of their interests”, after international communication agencies reported that Trump plans to pressure other countries during commercial negotiations to limit trade with China.
“Desanuviament is possible”
On the afternoon of Wednesday, Scott Bessent stated that the exorbitant customs rights in force would have to be reduced mutually as a previous condition for any negotiations.
“I do not believe that either party considers that the current level of customs rights is sustainable, so it would not surprise me if they were mutually reduced,” he said.
The trade war started by the US executive, since Donald Trump returned to the White House, resulted in 145% of additional customs rates on Chinese products entering the United States, and 125% decided by Beijing in retaliation over goods from the United States.
“This is the equivalent of an embargo and a Breakness in trade relations Between the two countries, it is not suited to anyone, ”said the official.
“I think It is possible to defile from both parties“He added, echoing comments made the day before the closed door, but transmitted to the media by a source present in the room.
The bag in Wall Street was on the risethis Wednesday, with the news that the tariffs could be reduced and after Trump said that he had no intention of saying goodbye to the president of the American Federal Reserve (Fed), Jerome Powellwhich has criticized in recent weeks.
