US President Donald Trump signaled progress in the ongoing trade war with China and revealed that the conversations were moving in a positive direction and on Friday, April 18) talk to reporters in the White House.
“By the way, we have nice conversations with China … It’s like really good,” Trump said, although according to Reuters, he didn’t provide more details.
Deal can be weeks away
Trump for the first time confirmed that American and Chinese teams are discussing tariffs. He expressed optimism that the agreement could soon be completed.
“I believe we will have an agreement with China. And if not, we will have the same agreement, because we will set a goal and it will be,” Trump said.
China “Affects a lot”
Asked if the Chinese President Xi Jinping has started interviews, Trump insisted that communication between the two countries was frequent.
“Well, you think it was quite obvious that she had … We’ll talk about that soon. It’s not that important,” he said. As for whether XI has addressed since the US lifted tariffs, Trump added, “I think a lot, I still, we’re talking.”
Trump pushed to speak personally with XI, he replied, “I don’t want to say that. It’s – it’s just not appropriate,” he added: “I never said if it had happened, but I have a very good relationship with President XI.”
Hassett: “Big Steps of forward”
Kevin Hassett, head of the National Economic Council of the White House, confirmed that more than 15 trade agreements were currently negotiating. He mentioned that this includes “big steps forward”, but refused to clarify the status of interviews with China or confirm whether both leaders have spoken directly.
A tariff war affecting markets
Trump’s notes follow the market turbulence running by introducing new American tariffs on April 2. Although most imports were stored 10% tariff, implementation of more aggressive fees was postponed during ongoing interviews.
Meanwhile, US retaliation with even steeper tariffs – increases duties up to 245% to certain imports in China, which is a significant escalation of 145% earlier on site.
Signals pauses in business retaliation
On Thursday, Trump indicated a potential stop on the Tit-for-FT tariff exchanges that swung global markets.
(Tagstotranslate) Donald Trump
