He does not intend to reduce duties in China unless he offers something “substantial” in return, Donald Trump said, speaking to reporters at Air Force One on Friday. He described as “unlikely” the prospect of a new 90 -day duty of duties after the current one and stated that if efforts to reach agreement fail, the duties would be “reasonably determined”. Claiming that the US was losing $ 5 billion a day under former President Joe Biden and that he himself reduced the percentage, Trump said the loss would be reversed soon, but there is still a way to go. He also reiterated that he believed that financial markets have begun to adapt to his tariff policy, downgrading the volatility that has hit the shares and bonds from the announcement of plans to impose higher duties on about 60 US trade partners. “I had said that there would be a transition period,” he commented on the reaction of the markets. “The world […]
Source: News Beast
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