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Welcome to Achievement: President Donald Trump and his administration have spent a large part of the last two days pointing out the desire to decline the commercial war with China that began.
But every time investors get excited, an advance can be Inmantad, Trump’s officials have thrown a little cold water on their enthusiasm, probably because they are afraid of looking like they are going down.
What exactly did they say? On Tuesday, the Treasury Secretary, Scott Besent, told investors in a closed event that the current status quo of 145 percent of China’s rates is “unsustainable.” Hey aggregate: “I would play that in the very close future, there will be a decalcalation.”
Later that day, Trump said he agreed. “145 percent is very high and it won’t be so high,” hey He said to journalistsAdding: “It will be attributed substantially. But he won is zero.”
Then, today, the Wall Street Journal reported That Trump’s team “is considering” to reduce its China fee levels in more than half “in an attempt to decline the tensions with Beijing”, although its sources emphasized that Trump was not yet a final decision.
The stock initially shot this morning, but cool some of their profits after Besent and other white house aid cao That no change in tariffs was imminent, and that Trump was not making a “unilateral” sacrifice.
So what is happening here? Trump began this impulse from the commercial war, slapping ridiculously large tariffs about China because they are daring to retaliate against the new tariffs he had put in them. Hey this Without any larger strategic planning Or anticipated notice for companies, and it is becoming undeniable that without changes, the economy of the United States will begin to face very serious projects very soon.
Until now, Chinese leaders have refused to give Trump’s threats, considering that disrespectful bullying. By The sources of the Wall Street JournalTrump’s comments “were seen as a sign that he will fold” in China’s policy formulation circles. The hashtag “Trump clarified” trend On the Chinese social networks Weibo.
Now, front Imminent economic disasterTrump seems to be looking for a way to go down, without looking too much as if he were going down. Will you do with that? We are not going to know, but there is no hurry, it is only the global economy of your decision.
And with that, it’s time to log in …
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