The United States and China have announced a temporary decline in the trade war. The decrease in the ninety -day rates caused positive reactions on the market, but investors still fear the next seasons of this epic.
The three indexes of New York rose Shortly after the announcement of the truce made on Monday morning. Nasdak was the highest standard, with an increase of more than 4 %, followed by the S&P 500, which rose 3 %, and Dow Jones – which exceeded 42,000 points.
Germany bags, On April 1, Japan and China exceeded the announcement of Donald Trump’s global tariff. The United Kingdom also rose FTSE 100, but it was less than that day.
The market has seen changing the position of the two powers, But he is still afraid to predict Trump’s decisions. The sector expects the details of the following steps on definitions and new progress in negotiations with both Beijing and other countries.
This procedure is Trump Trump, who claimed that he would not reduce rates against China. After Monday’s agreement, the Republican said that it is the taxes on the products The Chinese should not return to the level of 145 %, Even with possible commercial cranes.
“We are not trying to harm China,” Donald Trump said. “
Since February 4, Trump imposed customs duties against China – that is, for the country produced in the country – five times.
The first two, 20 %, came as if a revenge for what the US government calls “Beijing’s inaction” to limit the entry of Ventianl to the United States. On April 2, Trump announced 34 % more for Chinese products – totaling 54 %. After a few days, with Xi Jinping revenge, the rates jumped to 145 %.
According to US Treasury Secretary Scott Bessin, the two sides do not want to back down. “We want to trade, we want a more balanced trade, and I think that both sides are committed to achieving it,” said Pesin.
In the negotiations that occurred in Geneva, Switzerland, Both sides agreed with a decrease in ninety days. The discounts were 115 % for both. In the United States, the “fentanel tariff” of 20 %, and only 10 % in global tariffs has been preserved. In China, taxes against Americans will be 10 %.
In Addition, “NON -TARIFF” Measors of Beijing Against Companies, For Example, Will Also Bespeeded or Remove. Talks will be held to a wider deal during the next three months. The introductory changes are valid on Wednesday.
