President Donald Trump reported in an interview with the magazine “Time” that trade agreements are expected in three to four weeks. He noted that the US is conducting talks with China about the customs contract, although Beijing denies.
Trump said that “impossible” are both the current state in Washington's trade relations with Beijing, and what was before the president's office was. He emphasized that he could not allow China “trillions of dollars earned on us.
Trump talks about “huge success”
– That's why I repeat that when we have a $ 2 trillion deficit, I consider it a loss – said the president USA.
However, he did not provide any closer deadlines for any specific decisions on customs contracts with the PRC. Trump said, however, that if next year imports to the USA will be covered with duties up to 50 percent, it would consider it his success.
Donald Trump gave the deadline for contracts
He announced that in three to four weeks his administration would have ready trade agreements with individual countries. He added that his actions are aimed at returning industrial production to the USA and – as he emphasized – this is already happening. – they come because they don't want to pay customs; They are not there if they make their products here. This is a huge success. You just don't know it yet, but what is happening is a huge success. We absorb (as a country – ed.) Billions of dollars. It has never been before – said the American leader.
Trump: It is easy to take zero customs rates
In this context, Trump mentioned the return to North Carolina of furniture manufacturers, as well as moving with Mexico Car production to the USA. – It is easy to accept zero customs rates, but no company would come (to us – ed.) – he said. “Time” interviewed Trump in connection with his second presidency next week.
Trade war
On 9 April, Trump suspended all the additional duties introduced to a number of countries around the world (except China) for 90 days, but the minimum 10 % minimum rate, as well as 25 %. The rates applied by the US on steel and aluminum and the car industry.
Recently, commercial tension between the US and China has increased significantly, which raised the mutual duties to record levels – Washington to 145 percent, and Beijing up to 125 percent.
Source of the main photo: PAP/EPA/SAMUEL CORUM/POOL