Washington:
The Washington seems ready to first blink in the willingness to trade with Beijing, because US President Donald Trump admitted that the 145 percent rates that Americans are currently paying for most imported goods from China will “come down considerably, but it will not be zero”. The American president insisted that he would be “very nice” with Beijing during the coming negotiations, but it insisted that China would eventually be forced to agree to a kind of agreement to lower, reduce the massive taxes that have increased for decades of American trade policy and raised the global economic unrest.
He claimed that trade discussions with China “do well” because “everyone wants to have involved” in the American markets, but insisted that if China does not agree with a trade agreement, the United States will set the conditions.
“Eventually they have to close a deal, because otherwise they cannot act in the United States, and we want them to be involved, but they must, and other countries, have to close a deal, and if they do not close a deal, we will close the deal,” Trump said as they spoke in the Oval Office on Tuesday.
He said, “We are going to close the deal, and it will be an honest deal for everyone, and it will be”, adding that it is a “process that goes pretty quickly.”
When asked whether the rates for Chinese imports will fall, Trump said: “It will come down considerably. But it won't be zero.”
“145 percent is very high, and it won't be that high … It has come there [because] We were talking about Fentanyl … It will come down considerably, but it won't be zero, “said the American supreme commander, referring to an emergency he explained about the smuggling of the drug in the US.
He further said that future rates “will not be near that number anywhere.”
Change in tone
The reconciling new tone of the American leader on the issue of his trade policy comes when the International Monetary Fund (IMF) reduced its worldwide growth reasons, which predicted a higher risk of recession in the US, because Trump's trade war pushes the world economy into a “significant delay”.
In the meantime, the White House continued that Trump's rates have proved to be a success, despite the decrease in the financial markets and global recession fears. White House Pers Secretary Karoline Leavitt said that the whole world defeated Trump's door to conclude bilateral trade agreements as a result of the president's actions.
Trade war with China
Until now, US President Trump has imposed rates up to 145 percent on imports from China. Other countries are confronted with a blanket 10 percent US rate until July.
The Trump government said last week that when the new rates are added to existing rates, the taxes on some Chinese goods can reach 245 percent.
China has taken revenge with a tax of 125 percent on US products and promised to “fight”.
