Bloomberg – President Donald Trump suggested that his administration could reach Commercial agreementsS with some countries as soon as this week, offering the perspective of a relief for business partners seeking to avoid higher US import tariffs.
“It could be very good”Trump told journalists on Sunday when asked if any commercial agreement would arrive this week. It did not specify any country.
See more: Trump points to his willingness to lower tariffs to China “at some point”
“We are negotiating with many countries, but at the end of this, I will establish my own agreements, because I establish the agreement, they do not establish the agreement,” Trump said aboard the Air Force One. “They are still asking the same question: ‘When will they reach an agreement?’ It depends on me, not on them. ”
Trump also pointed out that his assistants are having conversations with their counterparts from China. Financial markets have stabilized In the last two weeks amid signals that conversations with Asian nations are progressing and commercial tensions between China and the US could be reduced with respect to current levels.
China has been in the spotlight of Trump’s tariff campaign, which has led Beijing to retaliate against US taxes, which now reach 145% on Chinese products. China has been hinting at a possible thaw in recent days, while Trump told NBC News in comments issued on Sunday that he is willing to reduce US tariffs at some point.
In response to a question at the Air Force One, Trump said he has no current plans to speak with Chinese President Xi Jinping.
first approach with China
Beijing confirmed last week for the first time that its authorities are in communication with US officials on trade agreements. Conversations have already been filed with Trump’s assistants and many other countries, but senior officials continue to imply that, ultimately, they may continue to have the intention of imposing tariffs on commercial partners.
“At a certain moment, I will just set a certain number of tariffs, ”Trump said Sunday. “At some point in the next two or three weeks, I will be setting the agreement.”
“I am going to say that this or that country has had a tremendous commercial surplus, surplus in their own way, with us and have taken advantage of us in several ways, and we perfectly understand what they were doing,” he said.
Trump’s tariff political overwhelms have shaken world markets, unleashing fears of an economic recession and weighing on the US dollar. Last week, the data of the Office of Economic Analysis showed that the American Gross Domestic Product was first contracted in three years.
In an interview with Fox News last week, vice president JD Vance said A commercial agreement with India will be one of the first. He was also negotiating with Japan, South Korea and “People from Europe,” said Vance.
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The Asian economies that face some of the highest “reciprocal” tariffs of the US have taken the front to their western counterparts in commercial negotiations with the Trump administration. The main commercial negotiator of Japan, Ryosei Akazawa, has expressed his hope of reaching a commercial agreement with the US in June, after The last round of negotiations held in Washington last week.
Even so, there are still doubts about how substantial any announcement will be according to the short term, since the last experience suggests that global trade agreements take many months, if not years, to complete.
With the collaboration of Malcolm Scott.
Read more at Bloomberg.com
