The president of next capital, David Tawil, discusses the trade battle between the United States and China and the impact of commercial negotiations on cryptocurrency.
President Donald Trump said on Wednesday that reciprocal prices could be reinstated in a few weeks.
“We were scammed by all the countries of the world practically. And a friend and an enemy,” Trump said in the oval office on Wednesday. “We don’t do that anymore.”
Commerce secretary Howard Lunick said the administration had spoken with 90 countries that sought to conclude trade agreements with the United States so far.
“I think what will happen is that we are going to have good deals. And by the way, if we do not have an agreement with a business or a country, we will define the price,” said Trump. “It will happen that I would say in the next two weeks.”
Price price induced by prices, trade concerns highlighted in the beige book of the Fed
President Donald Trump speaks to the media after signing decrees with injured veterans present at the White House Oval Office on April 23, 2025. (SOMODEVILLA / GETTY Images)
“We will define the number,” said Trump. “It could also be for China.”
Trump classified the 145% rate imposed against China as “very high” and said that he could be attenuated, but “it depends on them”. But so far, Trump has said that the number was spread out.
“Right now, it’s 145%. It’s very high. It has arrived because of fentanyl. They send, you know, massive quantities of fentanyl in our country and killing many people, probably 200,000 more per year, eliminating them,” said Trump. “And in a way, it is done almost exclusively in China.”
The spokesman for the Chinese Ministry of Commerce, there is, said on Thursday that “there is absolutely no negotiations on the economy and trade between China and the United States”, according to the translation of CNBC de Mandarin. “If the United States really wants to solve the problem … it should cancel all unilaterals measurements on China. “”
Chinese Foreign Ministry spokesman Guo Jiakun also said on Thursday afternoon that there were no ongoing talks with the United States, CNBC reported, quoting the state media.
Trump said the China price, as well as the 25% samples from Mexico and Canada, have obtained the United States to lose between 3 billion and $ 5 billion a day to “earn money but break”.
“We are going to earn a lot of money, and this money will be used to reduce taxes,” said Trump.
President Donald Trump speaks to the media after signing decrees in the oval office on April 23, 2025. (SOMODEVILLA / GETTY Images)
Trump suggests the reduction of Chinese prices “significantly” by 145%
China earlier this week threatened with “reciprocal countermeasures” Riposte against countries Who cooperate with calls from the Trump administration to isolate Beijing.
Before the implementation of the 145%price, Trump said that China was $ 1.1 billion in business with the United States, while “we did very little with them”.
“This essentially means that China is no matter with us, essentially, because it is a very high number,” said Trump. “It was unilateral, very unilateral. But we get along. I get along very well with President XI. You know, we can conclude an agreement. Otherwise, we will set a price and, I hope they will come here and they will contribute. And if they don’t do it, it doesn’t matter.”
Beijing has already retaliated against the United States by imposing 125% tariffs on American imports and limiting critical mineral exports.
Chinese President Xi Jinping and President Donald Trump are seen in Osaka, Japan in June 2019. (Xinhua / Ju Peng via / Getty Images)
“China really wants to see the trade war Deescale, as it harms the two economies, “the main economist of Yue Su, China, the Economist Intelligence Institute, told CNBC”.
“Their request for the United States to cancel the prices of” unilateral “reflects this change,” said Su.
Get Fox Affairs on the move by clicking here
“We must also recognize that it is a” everything it takes “for China in terms of American-Chinese relations,” added Su. “I would not be surprised if China adopts a more fellow position if the United States continues to degenerate tensions.”
