After insisting that the customs tariff was not negotiable, Donald Trump fell and limited global prices for foreign products to 10 % for 90 days. However, it has inflated the trade conflict with China, raising taxes on Beijing goods to 125 %.
According to Trump, the reduction occurred because people were very busy with the trade war.
White House spokeswoman Caroline Levitte said the sudden changes are part of what Trump’s negotiation has called. The movement also considered courage by Treasury Secretary Scott Payette.
“We have seen the success of the negotiating strategy carried out by President Trump a week ago today. What we have now, as I said to everyone a week ago, exactly in this place -” don’t back down “and your reward will be done.”
The decision was not even known by the entire Trump team. The representative of the United States, Jameson Jarir, was informed of a change during a session in Congress while he is still defending the fees.
The White House describes the temporary suspension of the fare as a period of negotiations, when other countries must search for the United States in search of agreements. The United States government now states that this was the goal all the time, and that the decision was not a response to the market.
However, the measures came to difficult responses against the American customs tariff, and a vehicle in the global economy, with warnings about the possibility of recession.
The only country that will not have a decrease is China. In this case, Trump made its way and increased rates against Chinese products to 125 %.
Trump imposed this measure after China announced a 50 % tariff on products imported from the United States, and the European Union agrees to definitions against American products scheduled to enter April 15.
After all, the American showed confidence in an agreement with Beijing.
“You know, nothing has ended yet, but we have a huge behavior from other countries, including China. China wants a deal. They only do not know how to follow.Trump says.
Trump retreated on customs duties partly comfortable from the financial market feeling. During Wednesday morning, the US titles fell and the New York Stock Exchange opened.
After the decision, the tank had a slight improvement. But for indexes, the recovery was strong, With Dow Jones an increase of 7.87 %; S & P 500 with 9.52 % high; Nasdak jump 12.16 %.
