The president of the United States, Donald Trump, considered this Friday unlikely to grant a new tariff truce when the current 90 -day deadline ends, in which Washington negotiates agreements with its partners, and pointed out that China must offer something “substantial” if you want a reduction of its taxes.
“We will have deals, but we will also do them. We only set the rate, which will be reasonable, very reasonable, and that will be the end of the matter,” he said aboard the presidential plane, Air Force One, on the way to Rome, where he goes to participate on Saturday at the funeral of Pope Francis.
Trump reculled in his commercial offensive on April 9, when he announced that 90 -day truce in the application of most of the tariffs advanced at the beginning of the month, but excluded from the same to China, whose taxes rose to 145%.
The reduction of the tariff punishment assumed that practically all the US business partners, including the European Union (EU), will be penalized during these three months only with a “reduced” tax of 10%.
In these two weeks there have been generalized falls in the bags and uncertainty to an eventual recession.
“We said there would be a transition. People have not understood it. Now they are beginning to understand. Think about it in this way: we have lost millions of dollars a day for years. (…) We will win millions a day because that is not sustainable,” he told Italy during his flight.
Trump pointed out that he will not lower tariffs to China unless Beijing offers something substantial, suggesting that the country must open to trade with the United States. “Frankly, that was what we wanted … we almost got it (in the first mandate) and then they threw back, but we had it to enter China and sell our products. In other words, it is called open China. It would be fantastic. It would be a great victory, but I am not even sure if I am going to ask because they do not want me to open, but for the tariffs, I could get it,” he concluded. EFE