Trump believes in a breakthrough in the trade dispute with China - what is behind it?

Trump believes in a breakthrough in the trade dispute with China - what is behind it?

Kentucky, USA - President Donald Trump is optimistic about a possible trade agreement with China. This was announced by the spokeswoman for the White House, Karoline Leavitt, at a press conference after talking to Trump before. According to Oe24 expressed Trump that he is confident: "We are confident that we are confident that we are working with China become." The conversations between the two nations seem promising, since China has contacted the US government several times.

Leavitt did not want to reveal any information about whether Trump was in contact with China's head of state Xi Jinping. Nevertheless, she concretized that the Trump government is working on the requirements for an agreement. Over 18 suggestions from more than 100 countries are already available, which indicates that numerous actors are interested in an agreement. US Finance Minister Scott Bessent did not rule out an early de-escalation in the trade conflict and informed investors that the tariffs were not durable at the current level.

fleeting hopes in the trade conflict

The situation remains tense, especially since Trump does not want to see the high customs load as a sustainable strategy in order to be isolating economically. Besser emphasized that trade relationships between the United States and China are of crucial importance and that the negative effects of tariffs can be felt on both the US economy and the global markets. On the other hand, the US Ministry of Trade has initiated an investigation that could lead to imports, which in turn could continue to burden trade relationships.

In this context, the pharmaceutical company Roche follows the example of its competitor Novartis and announced investments of $ 23 billion in the United States. Roche plans to expand existing works in several states and expects the creation of around 12,000 new jobs. The pharmaceutical industry is fundamentally excluded from the high import tariffs, which underlines the importance of these investments. The Roche pharmaceutical division generated sales of CHF 24.8 billion in the USA in 2024.

economic uncertainties and the role of the dollar

The current economic situation in the USA also raises questions about the stability of the US dollar. In an interview, the economic historian Adam Tooze scourges the signs of distrust that are evident in the devaluation of the dollar and rising interest rates for US state bonds. He emphasizes that the loss of the security role of the dollar could have problematic consequences for the global financial markets. Despite the efforts of the Trump administration to weaken the bond with the dollar, the financial world remains strongly bound to the dollar.

tooze comments concerned about the high tariffs that the Trump government has imposed and whose potentially harmful effects on the trade in China. He warns that decoupling China is difficult in certain areas and that the dependence on Chinese supply chains is still great. This could lead to unforeseen consequences, not only for the US economy, but also for the international trading system.