The Secretary of Commerce of the United States, Howard Lutnick, guaranteed on Wednesday, 11, that “it can definitely say” that the levels of tariffs applied to China will not change from now on, after the preliminary agreement signed on Tuesday during negotiations in London.
In an interview with CNBC, Lutnick explained that the conversations were “respectful”, although some details still need to be defined.
The final text will be decided by US presidents Donald Trump and China, Xi Jinping, according to the secretary. “We are on the right track,” he said.
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Lutnick added that the Chinese agreed to approve all requests from US companies to buy magnets faster.
On the other hand, the best US chips will not be exported to the Asian country, according to the secretary.
‘Much more’ trade agreements
The US Secretary of Commerce also stated that the United States negotiate “much more” commercial agreements with other countries after the preliminary understanding signed with China.
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Lutnick explained that Washington was focused on hitting a covenant with Beijing in recent days, but will now be more actively engaged in conversations with other nations. From next week, “agreement behind agreement” will be announced, he said.
Europa
The secretary considered that Europe should be to the end of the line because it is “the hardest” to deal with. “There are 27 countries and they have a non -elected leader,” he said, in reference to the European Union, whose European Commission has a leader, Ursula von der Leyen.
Lutnick accused the EU of imposing unfair rules on the US. “We don’t sell cars to Europe,” he said.
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The secretary added that after Tuesday’s agreement, the US will examine ways in which Chinese can do more business with Americans.
