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Wall Street rallies in the second day in the hope of a escalation in trade tensions between the two largest economies in the world.
The United States President Donald Trump reiterated his intention to lower his injured tariffs in China, but insisted the schedule for any relief will depend on Beijing.
Speaking to journalists at the White House on Wednesday, Trump said that the US trade partners can announce new tariff rates, Including ChinaOver the next few weeks, depending on the results of the leadership with other countries.
“It depends on them. We have a great place. This is called the United States and has been put out for years and years,” Trump asked how much could lower the 145 percent tariff Most applied to Chinese goods.
“In the end, what I think is, we will have great deals and determine the tariff if it does not agree with a company or country.”
Trump, Chinese President Xi Jinping has received “very good” with Jinping and said that the parties reached an agreement.
“Otherwise, we will determine a price,” said Trump.
If the requested administration was “actively” in China, Trump said: “Everything is active. Everyone wants to be part of what we do.”
Trump’s statements Wall Street, Walle and Beijing spread for a second straight day that would reduce tensions affecting the effective trade embargo between the two largest economies around the world.
Benchmark S & P is 1.67 percent on Wednesday, and the technological and heavy NASDAQ composition was 2.50 percent, China’s treasury Scott Bessent said the comments were “unstable” to earn the previous day.
On Wednesday, Wall Street Journal, Trump Management tariffs on Chinese belongings, said that the tariffs increased by 50-60 percent in a proposal to reduce the low voltage.
Representing people who are familiar with the issue, Trump said he considered a number of options to facilitate the tasks, but said they would wait for 125 tariffs to US goods in exchange for Beijing.
On Tuesday, Trump clearly admitted that China’s 145 percent tariff was “very high” and said the ratio is “significantly going down.”
China said that Opposes defender’s measures As tariffs, but if the US continues to increase trade salvoes, get ready to “fight until the end.”
“We are not looking for a war of China, but we are afraid. We will fight our battle.
“If the United States wants to talk, our doors are open. If a solution is what the United States wants, it must stop threatening and blackmailing and seeking dialogue on the basis of equality, respect and mutual benefits.”
The US-China Trade War has increased the fears of an international economic slowdown by increasing the 2025 growth forecast with the International Money Fund in the early week by 2.8 percent of 3.8 percent.
On Wednesday, a group of 12 US, Arizona, Colorado, Connecticut, Illinois and New York, the authority to apply tariffs without the consent of the US Congress.
In New York, the US International Trade Court, the states confirmed the Trump “Constitutional Order and bring chaos to the American economy,” he said.
“The insane tariff scheme of the President Trump is not only economically unrecast – this is illegal,” Arizona Prosecutor General Kris Mayz said.
“Arizona cannot provide the mass tax increase in Trump. What the White House claims, tariffs will be a tax that will move to Arizona consumers.”
