Trump pushes China to deal: tariffs rise, negotiations stall!

Trump pushes China to deal: tariffs rise, negotiations stall!

President Donald Trump remains hard in the customs dispute with China. In recent statements, he said "the ball is located with China" and asked the country to conclude an agreement with the United States. According to Trump, China is no different from other countries, only bigger, and needs the American consumers and "our money" OE24 . The information comes from the spokeswoman Karoline Leavitt, who spoke to Trump.

Trump had previously made it clear that he was open to discussions, but was waiting for a call from China. He has currently imposed special tariffs of up to 145 percent to Chinese goods, whereupon China reacted to 125 percent with an increase in his tariffs to US imports. This customs war between the two largest economies in the world has been revolved by mutual punitive tariffs since March 2018 and could have serious effects on the global economy Wirtschaftsdienst .

background of the trade conflict

The trade conflict between the USA and China began in response to the extensive trade deficits that the United States had with China. The aim of US politics was the modification of Chinese state capitalist economic and industrial policy as well as the reduction of the trade deficit deficit, which was around $ 375 billion in 2017. The United States has proven imports from China worth around 370 billion US dollars with additional tariffs Wirtschaftsdienst .

Current developments

The situation in the trade conflict has intensified in recent times. Experts warn that China's total exports could collapse by more than 4.5 percent, which could endanger an economic recovery that is considered the main goal of the government for 2025 href = "https://www.gtai.de/de/trade/china/specials/handelskonflikt-swinchina-und-usa-spitzt-sich-zu-zu-zu-zu-zu-zu--zu-zu-zu-zu-zu-zu In addition, US tariff increases have led to an increase in China's own tariffs and other measures, including export controls that affect US companies. In the course of this, 31 % of the German companies surveyed reports of negative effects of these tensions .

The uncertainty about the trade conflict could not only burden the US economy, but also impair the global economy. The likelihood of a recession in the USA and a slower global economic growth is increasing. Chinese exporters are increasingly trying to lead their goods through third countries such as Mexico and Vietnam to avoid the US tariffs, and China is increasingly looking for trading partners in Asia