US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” – an important goal in the US leader’s tariff policy. In 2020, the United States had already agreed to “a great trade deal with China” and a new deal “was possible,” Trump told reporters.
One month in his second term in the office, Trump has threatened tariffs equally on colleagues and opponents – along with China – canada and Mexico, along with neighbors, and target the European Union – and largely America Using levy as your main policy tool to reduce business deficit.
In early February, he slapped all the products imported from China by 10 percent.
He is threatening to impose 25 percent tariffs on all imported cars, and is also liking the same or high duties on pharmaceuticals and semi -circulars as he changes heat on some of some of the largest American trading partners.
Trump on Wednesday also told a riding journalists in the Air Force that his administration was also considering the wooden tariff of “probably 25 percent” in the coming months.
The President initially announced a tariff of 25 percent on all Canadians and Mexican imports before he was going to implement an hour before U-Turning, telling about a month about a month in theory until 1 March. Did
And he signed executive orders last week, which imposed new 25 percent tariffs on steel and aluminum imports on March 12.
Requested discount
Experts have warned that it is often American who pays tariffs on US imports – not foreign exporters.
Beijing has responded to American tariff with a customs of 15 percent on coal and liquefied natural gas and 10 percent on oil and other items, such as agricultural machinery and vehicles.
According to the Bureau of Economic Analysis, China is the largest trade surplus with the United States in 2024 – $ 295.4 billion in 2024, which reports to the US Department of Commerce.
The US ally Japan said last week that it had asked the United States to exempt from Trump’s tariff on steel and aluminum exports, and underlined the importance of its auto industry.
Japanese media said on Thursday that Tokyo’s trade ministers are arranging for a visit to the United States in the coming weeks.
Kyodo News said Yoji Muto was expected to meet American officials, including the new Commerce Secretary Howard Lutnik before March 12, when 25 percent of tariffs on steel and aluminum imports were set to implement, Codo News said.
Trump’s latest comment on the tariff was made on Wednesday as the European Union trade head that the block would “strongly and fast” to protect its interests if Washington puts tariffs on the European Union goods.
Maros Sefkovic dismissed Trump’s claim that the trade relations of the US-European Union were unfair, called them “a very definition of victory-winning partnership”.
But he indicated the desire of the European Union to reduce the will, such as the possibility of reducing or eliminating tariffs on auto and other products.
“If we are going to talk about reducing tariffs, even to eliminate tariffs, let’s ask for industrial products, then it will be something that we are ready to discuss , “He said.
According to the European Statistical Agency, Eurostat, within the 27-Nation European Union, Germany has the largest trade surplus ever with the United States, which is largely thanks to its automobile industry and chemical giants like Bayer and BASF Is.
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)