The United States and China have concluded its last series of rates and commercial talks in Sweden on Tuesday, the two parties praising progress. The secretary of the Treasury, Scott Bessent, said that President Trump would make the final call to extend the commercial truce between the two biggest economies in the world.
This week’s talks were the third round for countries, which slowly defused trade tensions since Trump imposed gargantuan prices in April and China was reported. The countries suspended these prices for 90 days – a suspension which should end on August 12. Bessent said another 90 -day extension was possible.
Meanwhile, the United States and the EU are blocking to enclose the end details of their new main trade agreement before the deadline of Friday self-imposed by President Trump to conclude agreements with partners other than China.
Critics say that it is a hasty solution, with the German Chancellor Friedrich Merz calling for the unsatisfactory and Bayrou of France nicknning the “submission” of the EU a “dark day”. The agreement includes a basic rate rate of 15% on most EU goods imported into the United States. Asset called The “greatest of all” agreement.
Trump also confirmed on Monday that 15% represent the new “floor” rate for countries, whose managers he dictated in the absence of commercial transactions.
“For the world, I would say that it will be somewhere in the range of 15% to 20%,” said Trump in Scotland by meeting British Prime Minister Keir Starmer.
Last week, Trump said that these letters dictating pricing rates for more than 200 countries will soon be released while his administration is working to win agreements with larger business partners. Potential agreements with Canada, Mexico and India, among others.
Trump also praised an agreement with Japan which included an investment of $ 550 billion in the United States and a 15% tariff on goods imported into the United States of Japan. Japan said on Tuesday that its trade agreement with the United States has reduced the uncertainty of the policy, but warned that US commercial actions could still weigh on its economy.
But the representative of American trade Jamison Greer said that “more negotiations” would be necessary with India, a few days before the deadline of August 1.
Find out more: What Trump’s prices mean for the economy and your wallet
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