Trump’s tariff policy
French minister: EU and US far from an agreement
Talks are “warm” and the American side wants to “move forward as quickly as possible”. A new trade agreement between the EU and the US is likely to take some time, says French Economy Minister Eric Lombard.
– We will not hide the fact that we still have a long way to go to reach an agreement, he says, according to AFP.
Donald Trump has imposed new 10 percent import duties on goods from the EU as well as higher duties on steel, aluminum and cars.
Trump's even higher tariffs are on hold for 90 days, ending in early July.
French minister: EU and US far from an agreement
Talks are “warm” and the American side wants to “move forward as quickly as possible”. A new trade agreement between the EU and the US is likely to take some time, says French Economy Minister Eric Lombard.
– We will not hide the fact that we still have a long way to go to reach an agreement, he says, according to AFP.
Donald Trump has imposed new 10 percent import duties on goods from the EU as well as higher duties on steel, aluminum and cars.
Trump's even higher tariffs are on hold for 90 days, ending in early July.
Wall Street presses on – Trump changes rhetoric
Donald Trump pulled back on his populist rhetoric to satisfy important business leaders, reports Politico.
Trump has described his trade war as a way to save the American working class from globalization. But this week, the rhetoric softened, partly against China, partly against the head of the Swedish central bank, Jerome Powell. This happened after the heads of important large companies such as Walmart, Target and Home Depot met with Trump to express their concerns about how their supply chains would be affected by tariffs on the outside world, sources told Politico. Their arguments seem to have been heard, the newspaper writes.
- He gives a much more rational message and a confirmation to shareholders, says a White House source.
Donald Trump pulled back on his populist rhetoric to satisfy important business leaders, reports Politico.
Trump has described his trade war as a way to save the American working class from globalization. But this week, the rhetoric softened, partly against China, partly against the head of the Swedish central bank, Jerome Powell. This happened after the heads of important large companies such as Walmart, Target and Home Depot met with Trump to express their concerns about how their supply chains would be affected by tariffs on the outside world, sources told Politico. Their arguments seem to have been heard, the newspaper writes.
- He gives a much more rational message and a confirmation to shareholders, says a White House source.
Trump rages against the Wall Street Journal: "China-loving"
The business newspaper Wall Street Journal has reported during the day that China expects the United States to back down in the tariff conflict between the countries. Now President Donald Trump is responding with sour attacks against the newspaper.
"It sucks!" he writes in a post on his platform Truth Social, which he begins with a call for media mogul Rupert Murdoch to shut down Fox News opinion polls:
"While he's at it, he should make changes to the China-loving Wall Street Journal."
Yesterday, the newspaper published several articles in which anonymous sources in the White House, among other things, told about the administration's plans to scale back the tariff conflict with China. In the articles, the sources also explained how far-reaching Trump's plans actually were to fire Fed Chairman Jerome Powell.
China denies negotiations: “They should cancel”
There are no negotiations whatsoever between the US and China on tariffs, Chinese Commerce Ministry spokesman He Yadong tells CNBC. This comes after US President Donald Trump indicated earlier this week that tensions have eased.
– If the US really wants to solve the problem, it should cancel all unilateral measures against China.
Inga kommentarer:
Skicka en kommentar