Similarly,
Trump ends commercial negotiations canada new:
China. In addition, the United States have announced that it has sealed the general framework aimed at straightening their commercial disputes, Beijing ensuring on Friday that Washington is ready to lift restrictions against its products and vice versa.
After talks in Geneva in May, Washington and Beijing agreed to break their trade war. Therefore, They had agreed to temporarily reduce the prohibitive customs duties they imposed on their respective products.
China was also committed to alleviating certain non -customs countermersions. Furthermore, But US officials then accused Beijing of violating the agreement. Moreover, and in particular of dragging their feet to issue export licenses for rare earths.
Rare earths are metals used in a wide variety of products such as smartphones. However, turbines of wind turbines or electric vehicles. They are essential to the modern global economy.
In mid-June. Washington and Beijing trump ends commercial negotiations canada new were finally granted, during new discussions in London, to postpone the agreement reached in Geneva on the rails.
It is this agreement. relating in particular to the acceleration of rare land expeditions to the United States, that Donald Trump welcomed Thursday to have “signed”.
And Beijing confirmed on Friday that a consensus had been found.
Investors have been reassured by the news. especially since the American executive also seems to be willing to postpone the deadline from which he was to set up punitive customs rights against dozens of business partners, including the European Union.
Friday morning. the American Minister of Finance Scott Bessent suggested that Washington gave himself until September to conclude agreements with his main business partners.
“I think we can complete trade discussions by labor festival. ” on September 1 in the United States, said the Treasury Secretary on Fox Business.
Wall Street reacted with optimism. the trump ends commercial negotiations canada new American index S&P 500 even ending to erase all of the losses caused since February by the tumult around customs duties, to exceed its highest historical in session, as well as the NASDAQ.
Trump ends commercial negotiations canada new
“Same sense”
“China hopes that the United States will move forward in the same direction as it. ” the Chinese trade ministry said in a statement, confirming that Beijing and Washington had sealed their agreement.
“China will proceed under the law to the examination. approval of export requests relating to the articles subject to control that meet the requirements,” it was continued from the same source.
“The United States, consequently, will raise a series of restrictive measures towards China,” completed the Chinese ministry.
No additional details were made immediately.
The top priority for the United States was to guarantee its access to rare land. China is the world’s leading producer.
But Chinese trump ends commercial negotiations canada new flows towards foreign companies have slowed down since early April. when Beijing began to impose on national producers obtaining a permit to be able to export seven types of rare land.
The decision was largely perceived as a retaliatory measure in the face of American customs duties on Chinese goods.
On behalf of the defense of national production. Donald Trump imposed, since his return to the White House, sectoral customs duties (steel, aluminum, automobile).
But it has also set up an almost universal surcharge of 10%. threatened to go further towards countries which export more to the United States that they do not buy American products.
Donald Trump suspended these punitive customs duties until July 9, the time to carry out commercial negotiations.
This article was published automatically. Sources: ATS / AWP / AFP
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