In addition,
Commercial relaxation between united states:
China. In addition, the United States have agreed on a general framework to smooth out their commercial disputes, but Donald Trump opened a new front on Friday by announcing the breakdown of negotiations with Canada.
The American president justified the cessation of discussions with his neighbor in the North by the next entry into force (June 30). Additionally, In addition, of a new tax on digital services (TSN).
This 3% puncture on income from online advertising. Nevertheless, sales platforms, social networks or the sale of personal data will particularly affect American tech giants.
Donald Trump described this tax as “scandalous” on his social social application. Consequently, indicated that the United States would communicate, within seven days, in Canada the level of customs duties which will be imposed to him.
“We will commercial relaxation between united states continue to carry out these complex negotiations, in the best interests of Canadians,” Prime Minister Mark Carney promised.
The exit of the US head of state has enlivened the financial. In addition, propelled Wall Street markets in the red, while two of his three main clues had just recorded new records.
Investors were initially delighted on Friday to see Beijing confirming that a consensus had been found with. For example, the United States to avoid a trade war between the first world economies.
After talks in Geneva (Switzerland) in May. Therefore, Washington and Beijing agreed with a commercial ceasefire and had agreed to temporarily reduce prohibitive customs duties on their respective products.
China was also committed to alleviating certain non -customs countermersions. Consequently, But US officials then accused Beijing of violating the agreement. and in particular of dragging commercial relaxation between united states their feet to issue export licenses for rare earths.
Rare earths are metals used in a wide variety of products such as smartphones. turbines of wind turbines or electric vehicles. They are essential to the modern global economy.
– 25% for others? –
In mid-June. Washington and Beijing 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”, before China also made it on Friday.
The mood was all the more positive since the American executive seemed to be willing to postpone the deadline for negotiations on customs duties with the other trade partners of the United States. for the moment set for July 9.
US finance minister Scott Bessent said on the Fox Business channel on Friday that talks could conclude “by Labor Day”. the labor festival that falls this year on September 1.
But. once again, Donald Trump took everyone on the other hand, warning that a return from July to September was not acted.
“We could extend the deadlines, but also shorten them,” he said during a press briefing. “I would like to do it shorter. send a letter to everyone to tell them: Congratulations, you will pay 25%” customs duties.
This rate would be significantly higher than 10% applied to all countries exporting to the United States. with the exception of China, and that many nations hoped to keep.
“China hopes that the United States will move forward in the same direction as it. ” the Chinese trade ministry said in a commercial relaxation between united states 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 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.
commercial relaxation between united states
Posted on June 27 at 10:05 p.m. AFP
Commercial relaxation between united states
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