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Prochain Capital President David Tawil discusses the influence of trade war between the United States and China and the company’s trade talks with crypto.
President Donald Trump Mutual tariffs said on Wednesday could be re-applied during the weeks.
“We have been practically spread by every country in the world. And the friend and the enemy,” Trump said in the oval office on Wednesday. “We don’t do it anymore.”
Trading Secretary Howard Lutnick said the leadership talked to 90 countries to make trade deals with the United States so far.
“I think that it will be great deals. By the way, we will determine the tariff, if there is no agreement with a company or a country,” he said. “It would be to say to a few of the next week.”
Tariff Price Increase, Beige Book Trade Concerns Highlighted
President Donald Trump, on April 23, 2025, talks to the media after signing veterans with the wounded veterans participating in the oval office in the White House. (Chip Somodevilla / Getty Images)
“We will determine the number,” said Trump. “It can also be for China.”
Trump has classified the 145% tariff against China as “very high” and said that it was relieved, but “depends on them.” But so far Trump, he said the number stopped.
“Now this is 145%. It’s very high. They were there because of Fentanyl, you know, killing many people and many people, probably 200,000,” he said. “And somehow was almost only in China.”
According to ChnBC, Yadong Trade Ministry said, Yadong, CNBC’s mandarin translation for translation “China and the United States has no definitely negotiations on economy and trade.” “If the United States really wants to solve the problem … it should be able to cancel all one-sided water Measures in China. “
Chinese Foreign Ministry spokesman Guo Jiak said there were no talks with the United States on Thursday afternoon. CNBC informed, With reference to the state media.
Trump, China’s tariff, as well as 25% of the capacity in Mexico and Canada, from $ 5 billion to $ 5 billion and $ 5 billion in the United States.
“We will make a lot of money and will be used to reduce money taxes,” he said.
President Donald Trump speaks to the media after signing executive orders in the Oval office on April 23, 2025. (Chip Somodevilla / Getty Images)
Trump, the relevance of the Chinese tariffs ‘significantly’ off 145%
At the beginning of this week, China threatened “mutual countertop” to retaliate against countries Beijing collaborating with the challenges of the Trump management to isolate.
Prior to the 145% tariff application, Trump, China has been working $ 1.1 trillion with the United States, “We have done very few years of work with them.”
“Basically, China has not done anything with us, because it is essentially very high, because it is very high,” he said. “It was one-sided, very sided. I know that we also put a price for us.
Beijing, 125% of tariffs and critical mineral exports to the United States and retreated against the United States.
Chinese President Xi Jinping and President Donald Trump are seen in Japan in June 2019 in Osaka. (Xinhua / Ju Peng via / Getty Images)
“China definitely wants to see trade war DeesCalate, both economies ache, “Yue water, the main economist, China, economist Intelligence, told CNBC, CNBC.
“Their desire to cancel the” unilateral ‘tariffs to the United States, reflect this landslide, “he said.
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“We will also recognize that this is a moment ‘point for China in terms of US-China relations.” If China continues to aggravate us, I would not be surprised if China accepts more hawk positions. “
