US President Donald Trump expects a trade deal with China in the next three to four weeks
he explained that he was waiting for the result. However, the Chinese government quickly denied these statements, denying,
he announced that no negotiations were held with the United States on customs duties. Thus two
the ongoing trade tension between the countries has gained a new dimension.Dec.
US Claims and China's Reaction
President Trump said in an interview with Time magazine that he had met with Chinese President Xi Jinping and
he said that trade negotiations will be concluded soon. Also imported from China
stating that they have increased the customs duties they apply to products to 145%, Trump said that this policy
He argued that it reflected positively on the US economy.
The Chinese Foreign Ministry, on the other hand, rejected Trump's claims. In the official statement made, with the USA
it was stated that no negotiations were conducted on customs duties. China also includes the United States
while inviting the public to refrain from misinformation, we believe that unilateral tariff increases
he stressed that it had a negative impact on the negotiations.
Both Countries Have Turned to Partial Exemptions
The US has recently temporarily imposed duties on some technology products imported from China
he suspended it. Smartphones and computers stand out Decently among these products. But in the general framework
the application of high customs duties continues.
In October, China imposed additional duties of 125% on some products imported from the United States in response
he is considering temporarily removing it. This move is an attempt to relieve economic pressure
it is being interpreted.
The Global Economy Is Under Pressure
The uncertainty created by the trade war between the United States and China continues to affect global markets Dec
is doing. While investors are being more cautious in this uncertain environment, cost increases in many sectors
and supply chain disruptions are happening. The International Monetary Fund (IMF), on the other hand, by making a call to the leaders,
he noted that trade tensions should be resolved quickly, and if the process is prolonged, the global
he warned that economic growth would suffer.
The Uncertainty Continues
The future of trade negotiations between the US and China remains uncertain. Dec. Trump's deal
despite the recent statements, the harsh Decrees from China indicate that the tension between the two countries is short
it may be a sign that the term will not end. Investors and the business world are taking these critical developments
watching closely, he is waiting for when and how the tension will be resolved.
