Trade War: Trump floats China’s tariffs to cut up to 80% before the discussion | Money news

Donald Trump has drifted the idea of ​​cutting US trade tariffs against China to 80%, when the main peace talks between parties are preparing to be ongoing.

The meeting, which involved high -ranking officials from the two countries in Switzerland, was seen as an opportunity to relieve the most destructive elements of the trade war in terms of global economic views.

Writing on the social platform of the truth, a few hours after agreeing to a temporary agreement with Britain, the President said: “The 80% tariff in China seems true! Until Scott B [Besset]. “

This means that the decision will lie in the SCOTT BESENT – the US Treasury Secretary who will lead the US delegation to the Talks in Geneva.

The results are awaited after a few rounds of tariff increases which currently amounts to 125% of US imports to China and 145% for Chinese goods that arrive in America.

Both levels number of effective trade embargoes, given the severity of these numbers.

Announcement of talks at Switzerland this week has been witnessed throughout the financial markets, with an increase in global stock markets to anticipate cooling in trade hostility between the two largest economies in the world.

Investors are not only concerned with higher prices, if not too high, but also the impact on supply.

The effect is already felt in both the economy.

Concerns of trade war effectively means that the US economy which was contracted during the first three months of this year, while the US central bank has delayed interest rates on the grounds that the tariffs applied to imports by Trump’s administration will globally raise inflation.

Official data from China has not shown clear pain, but the survey shows the falling factory orders.

The fact that China suffered was borne on Wednesday when the central bank in the country cut interest rates and reduced bank reserve requirements to help free more funds for loans.

Officially, China has hinted that he wants the US to make the first concession.

The delegation in Geneva is led by Deputy Prime Minister He Lifeng – a figure in China who has received an international reputation as an effective negotiator.

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