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UBS Financial Adviser Ryan Lynch and Michael Lee Strategy founder Michael Lee this week’s global trade talks and economic data in this week draws a market reaction.
President Donald Trump Monday, the management was temporarily a agreement with the temporarily lower tariffs, the president will discuss the final agreement to say that the president will open the Chinese market for US companies.
“The biggest thing we discussed is to open the tile and agreed to do it, but you intend to take it on paper, it is not the easiest thing to summarize a formal version of the paper.
“I think if we can enter and compete in China, we would be fantastic for our institutions,” Trump said. “There would be a lot of work for China for China, I think about what they can use work sincerely and talk about it.”
Continued to explain that the administration pushes more Market access in China For us, the business is a means of overcoming a trade balance between the two countries, including non-tariff barriers.
The United States has reduced tariffs after 90 days after Chinese trade talks
President Trump, the most important part of the deal is the opening of access to US companies, he said. (CHRIS KLEPONIS / CNP / Bloomberg Getty Images / through Getty Images)
“We opened our country to China, there are many restrictions, and they did not open their countries for us. It never meant to me. It’s not fair. They agreed to open the porcelain. open-tap. I think it will be fantastic for China, I think it will be fantastic for us and think it will be great for combination and peace. ”
“China will also stop non-money barriers of money and will disassemble. They agreed to do it … too much,” he said.
Using the power of the American economy, open China to Chinese exporters: lutnick
Tariffs are generally taxed by imported goods that are paid by importers, generally transmit higher costs to consumers through higher prices. (Photographer: Michael Nagle / Bloomberg Getty Images / through Getty Images)
The President said “Mutual” tariffs On April 2, in the free Salvation Day festivities, in the White House, from 125% to 10%, from 145% to 30% to 30% to 10%, from 125% to 10% to 10%.
“Yesterday, we achieved a total Reset with China. After the productive talks in Geneva, both sides agreed to reduce the tariffs of April 2 to 10% after 90 days after 10% of the largest structural issues, “Trump said.
“This is no longer involved in our tariffs, and this does not include tariffs for drugs, steel, aluminum, or tariffs because we want to return drug enterprises to the United States,” he said.
Trump says the tariffs encourage us to invest in us, it hurts to China
Chinese President Xi Jinping and President Donald Trump work on the latest trade agreement. (Brendan Smialowski / AFP / Getty Images / Getty Images)
Began to characterize Trump Trade talks An agreement will help increase the country’s economy by being “very friendly” and close the relationship with China.
“Attitude is very good. We do not want to hurt the porcelain; China sees very bad. They were so happy that they could do anything with us,” he said.
The President also referred to China not to match “A Phase One” Trade Deal In the Office of the Office, he reached the Chinese government.
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Treasury Secretary Scott Bessent said in a look at the end of last month “KUDLOW” of the FOX Business Network The United States will have to take into account that the Phase does not comply with an agreement. “
