Trump Tave Break concentrates the commercial war in China and the markets recover

The decision of the President of the United States Donald Trump to suspend most of the heavy rates that had just imposed dozens of countries brought relief to global markets and European leaders, also with the worsening of the commercial war with China.

Trump’s turnaround, less than 24 hours after new rates have been imposed on most commercial partners, occurred after the most intense episode of the volatility of the financial market from the first days of the Covid-19 pandemic.

The equity rates of the United States fired on the news and the relief remained in Asian and European commercial sessions on Thursday.

Before Trump’s turning point, the nervousness had canceled trillions of equity markets and had led to a disturbing increase in the income of the United States government securities, which seemed to attract the attention of the President of the United States.

Although some European leaders celebrated the last Movement of Trump and said they were expecting constructive negotiations, China has rejected Washington’s threats and blackmail.

Trump has maintained the pressure on China, the second largest economy in the world and the second largest US import supplier, with an increase in Chinese imports at 125% compared to the 104% level that entered into force on Wednesday.

He also signed a decree aimed at reducing China control over the global maritime transport sector and revitalizing the US naval construction.

Commercial war

China “will in the end” if the United States insisted on their path, the spokesman for the Ministry of Commerce who said Yongqian in a normal press conference. The Chinese door is open to dialogue, but should be based on mutual respect, the ministry said.

Beijing can answer again after imposing 84% rates on US imports on Wednesday.

“We did not withdraw,” published Mao Ning, spokesman for the Foreign Ministry of X Thursday, sharing a video of a speech by the deceased Chinese leader Mao Zedong, 1953, during the war with the United States in the Korean peninsula. The Korea war ended with a stalemate at the end of that year.

Trump, who claims that rates aim to correct US commercial imbalances, said that a resolution with China on trade is also possible. But the authorities have said that it will give priority to negotiations with other countries, since Vietnam, Japan, South Korea and others align themselves to try to reach an agreement.

Goldman Sachs revised GDP growth predictions from 4.5% to 4% in 2025, citing the negative effects of rates. Iuan has reached its lowest dollars value on Thursday from the global financial crisis.

In Europe, the euro income from the euro area has jumped, the spreads have reduced and the markets reduced their cutting bets by the European Central Bank after the last announcement of Trump. European actions are climbed.

Trump’s measure was an important step in the stabilization of the global economy, said the president of the European Commission, Ursula von der Leyen.

“The clear and predictable conditions are essential for trade and offer chains to work,” he said in an X declaration.

India is among the countries that have claimed to want to advance quickly in a commercial agreement with the United States.

After underlining that his plans would not have changed, Trump subsequently indicated that almost panic in the markets that took place from his advertising on April 2 influenced his thoughts.

“You have to be flexible,” he told journalists.

Some rates remain

Trump’s reversal on the rates imposed on other countries is also not absolute. A general rate of 10% on almost all US imports will remain in force, said the White House. Even the announcement does not seem to influence car rates, steel and aluminum that are already in force.

The pause does not also apply to the channels paid by Canada and Mexico, since their products are still subject to Fenanils of 25% if they are not compliant with the rules of origin of the United States, Mexico and Canada commercial agreement.

(Text by John Geddie and Ingrid Melander)

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.