US President Donald Trumpheld a press conference at the Oval office in Washington. He discussed trade agreements with China, tariffs and the acquisition of Us Steel by Nippon Steel.
Key aspects:
Nippon Steel could be part of commercial conversations with Japan.
We want Us Steel to remain in American hands.
We do not want foreign companies to buy Us Steel.
Nippon Steel could be part of commercial conversations with Japan.
I doubt that the agreement with Nippon Steel is part of Japan’s tariffs.
Nippon can invest or be a partner.
We establish a number, people pay that number or go to another place.
Let’s do it without Nippon.
We are talking to China.
China has communicated since the 145%tariff.
I don’t want to say that we are talking directly to XI.
It is quite obvious that XI has communicated directly.
At one point, people will not buy.
We have an agreement for Tiktok, but subject to China.
China would like to see that we make the agreement we have.
I think we will make an agreement with China.
I think we have a lot of time.
If we do not make an agreement, we establish a goal.
Agreements in the next three to four weeks.
Reiterate the threat of tariffs to computers and chips.
Reiterates tariffs on cars, steel and aluminum.
We have some other things that we are going to add in the not too distant future.
FAQS tariffs
Although tariffs and taxes generate government income to finance public goods and services, they have several distinctions. Tariffs are paid in advance in the entrance port, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and companies, while tariffs are paid by importers.
There are two schools of thought among economists regarding the use of tariffs. While some argue that tariffs are necessary to protect national industries and address commercial imbalances, others see them as a harmful tool that could potentially increase long -term prices and bring to a harmful commercial war by promoting reciprocal tariffs.
During the election campaign for the presidential elections of November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy. In 2024, Mexico, China and Canada represented 42% of the total US imports in this period, Mexico stood out as the main exporter with 466.6 billion dollars, according to the US Census Office, therefore, Trump wants to focus on these three nations by imposing tariffs. It also plans to use the income generated through tariffs to reduce personal income taxes.
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.