President Donald Trump said he would not think about lowering tariffs to China without a great concession.
“Well, I won’t drop them if they don’t give us something that is, you know, essential. Otherwise I won’t drop it.
When Trump settled what he would consider “essential”, he pointed out a greater market approach for US companies in China.
“Well, relax China, you know, let’s go and work on China, because frankly, that’s what we want – we wanted it almost. And then we retreated from this agreement. We were to go to China and sell our product, sell our goods. That would be great.
Trump insists on business conversations: “They had an appointment …”
Despite the Chinese denial, Trump claimed that business discussions between Washington and Beijing were taking place.
“They had a meeting this morning,” he said, refusing to appoint the participants. “It doesn’t matter who it is. We can reveal it later, but this morning we met and met with China.”
In a separate interview with Time Trump magazine, he also claimed that Chinese officials had addressed directly to him.
“He is called,” Trump said. “And I don’t think it is a sign of weakness on behalf of his name,” he added without alleged calls to other details.
China denies conversations
China contradicts Trump’s claim and officially denied that there were business negotiations.
“China and the United States did not have consultations or negotiations on tariffs, let alone agree,” said Jiakun, a spokesman for the Chinese Foreign Ministry, and called us “false news”.
However, the White House official said that at the beginning of this week, personal calls between us and the Chinese staff actually took place.
The trade war escalates: tariffs rise on both sides
Insecurity and confusion surrounding the trade war between the US and China is increasing, which increases volatility to global markets and extends economic pain for both nations.
US businesses are struggling with increasing import costs, while Chinese exporters see the demand from the American declining.
Finance Minister Bessnt: Need De-Estriate
Finance Minister Scott Bessnt repeated the need for tension and said this week that excessively high tariffs must drop before the actual negotiations can move forward.
“De-eskalace is essential for the two largest economies in the world to re-balance their business relationship,” Bessnt said.
(Tagstotranslate) Donald Trump
