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US President Donald Trump reported his opening up to the reduction of prices on China before high issues on Saturday between the two biggest economies in the world, while the two parties seek to defuse their trade war.
In an article on his Truth social network, Trump suggested that the United States could almost make its prices on Chinese products, which are now 145%, while invoking Beijing to open its markets to American products.
“The 80% price on China seems right! Until Scott B,” he said, in a reference to the Geneva meeting, led on the American side by the Treasury Secretary Scott Bessent.
The representative of Bessent and trade Jamieson Greer should meet the vice-president of China, he Lifeng, while the two countries seek to seek means to relax their enormous samples on each other in a tit-for-tat confrontation which threatens the world economy.
Despite the current steep raid prices of the United States on China, Friday data showed that global exports of China increased sharply in April, strengthening Beijing’s hand before talks.
While Chinese companies diverted trade flows from the United States to Southeast Asia, Europe and other destinations, exports increased by dollars by a year earlier, the Chinese customs service said.
Trump’s “Liberation Day” pricing announcements on April 2 shaken the world markets, which rebounded after the president interrupted most of his “reciprocal” samples.
But this recovery has broken out and American tasks on China remain in place, as is the prices of reprisals from China up to 125% on American imports.
While the S&P 500 index has largely recovered steep losses that it suffered just April 2, it dropped by 0.5% this week and changed little on Friday.
Libby Cantrill, head of the public policy of the Bond Us Bond Pimco group, warned that if “a relaxation of prices in the coming weeks” could be likely that “the chances of a lasting background agreement that comes out of these weekend talks is very low”.
She stressed that commercial transactions have historically set an average of 18 months to be appropriate and 25 others to be implemented, and that the American-Chinese relationship had “deteriorated only since Trump’s first mandate.
“We could see a positive reaction to the equity market, but any agreement would only be the name,” she said.
On Friday, Trump’s suggestion that Washington could reduce the tasks on Beijing one day after concluding an agreement to relieve the price in the United Kingdom, the first since he launched the trade war in April.
But people familiar with the affair said that the figures that Trump was floating in his social post of truth was probably a negotiation tactic before Saturday’s talks rather than a real target.
The Chinese Ministry of Commerce said this week that it had decided to engage with the United States “on the basis of an in-depth consideration of global expectations, interests and calls for American companies and consumers.”
Beijing had previously declared that the United States should reduce prices as a prerequisite for negotiations, but that it had since softened its position.
Bessent, who characterized the Geneva meeting as an attempt to defuse the trade war, also qualified the current prices of the United States and China as “unsustainable”.
The American federal reserve warned this week that Trump’s prices had increased the uncertainty of decision -makers and could increase both inflation and unemployment.
Washington was locked in negotiations with other countries in the last month, since Trump interrupted his prices on most business partners for 90 days.
Friday, Trump wrote on social networks that there were “many commercial offers in The Hopper, all good (great!”! ”
In private, however, many foreign officials have indicated that the talks with Washington seem to progress slowly, the American officials unable to articulate specific requests.
Additional report by William Langley in Guangzhou and Joe Leahy in Beijing
