He emphasized that the conversations were respectful, without shouting or quarreling, and both sides believe that the result is advantageous for both sides.
strategies and decisions of the Trump administration
"We had to make sure that they could not simply come with their rarely magnet without seeing the consequences. America is too big and too strong," added Lutnick. He pointed out that the Trump administration could have recited Chinese banks in order to check their documents and to uncover "all things they had done wrong". He also noticed that the White House had introduced export restrictions for Ethan to China as a retribution.
"Ethan is used to make plastic. "If you want to annoy us, the United States is strong enough under Donald Trump to pay them back as equivalent."
optimism and future trade agreements
Instead, Trump decided to take a positive course. Lutnick said: "He created the right environment to negotiate a very positive deal with the Chinese." China has agreed to immediately approve circumvention licenses for all US companies who apply for rare-sterming magnets immediately. These are used in a variety of electronics products, automobiles, contrast agents for MRTS and engines. In return, the United States will loosen some export restrictions, including ethane, but no powerful AI chips that the government sees as a threat to national security.
outlook on future trade negotiations
After a trade frame has been set with China, the Trump administration will shift its focus on other trade agreements. According to Lutnick, these could come next week. "If we spend 25 hours in a room with the Chinese, we cannot take care of other contracts at the same time," said Lutnick and promised: "You will see deal for deal, you will start the next few weeks."
He emphasized that the negotiation team of the White House was in "good constitution" and that active negotiations with 18 trading partners were conducting after preliminary agreements with the United Kingdom and China. Despite weeks of negotiations since the temporary suspension of the "mutual" tariffs on April 9, the government remains optimistic, even if there is a lack of progress. Lutnick assured that Trump does not want to be pushed, but strive for high quality agreements that benefit American companies and consumers.
"Good negotiations are not enough for the United States. We want great deals that are fundamental to America," said Lutnick. "We have to open the markets of other countries, our farmers, cattle breeders and fishermen will benefit from it. Our mechanical engineers will sell a lot of technology abroad. Boeing always achieves amazing results in these deals."
The decisive factor, according to Lutnick, is the opening of US exports for foreign markets that impose tariffs and other non-tariffs, such as taxes and export controls. "This is the key for us: Can we open our exports and end the nonsense of a trade deficit of $ 1.2 trillion? That is our goal," said Lutnick.
"We want to make sure that it is the best deals we can do. We don't want to hurry. Donald Trump will not be rushed. He only expects the best and we will give it to him."
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