EU halts counter-tariffs but no pause in US-China trade war

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The European Union on Thursday stopped vengeful prices on US goods when President Donald Trump suddenly suspended US duties on the block and other countries, and left China in the cross of its trade war.

After Trump said on Wednesday, Asia and Europe’s stock was joined in a major rally on Wall Street that he has been stopping standing rates in several countries for 90 days – though he has maintained 10 % levy globally.

But Trump raised prices on China to 125 percent to punish Beijing for retaliation.

The European Union, which faced 20 % tariffs, welcomed Trump’s U -Turn, saying it was an “an important step towards stabilizing the global economy.”

The block from 27 countries responded with a branch of olive, which suspended 90 days’ revenue on US goods worth 20 billion euros, which was a green late in response to duties on steel and aluminum.

“We want to give talks a chance to negotiate,” European Union Chief Arsola Van Dare Leean said in a statement.

However, he warned that “if the conversation is not satisfactory, our response will begin” and that all options are on the table.

Other countries are also lined up until bargaining.

Canadian Prime Minister Mark Carney called Trump’s Altal “Recovery of Receipt”, saying Ottawa will begin talks with Washington over a new economic deal after the April 28 election.

Vietnam said it had agreed to start trade talks with the United States, while Pakistan was sending a delegation to Washington.

China collided with Hollywood

But there was no success in Trump’s trade war with China, which states that the policy of US prices is “against the will of the world and is against the whole world”.

Rapid rates against China were implemented when 84 % of the retaliation imposed on US imports by Beijing was taken.

Beijing on Thursday added Hollywood to its target list because it has announced that it will “reduce” the number of American films from its imports.

But the Chinese Ministry of Commerce said the door was open for dialogue.

“We hope that the United States will meet China on half a way, and, based on the principles of mutual respect, peaceful coexistence and winning cooperation, will solve differences through dialogue and consultation.”

Trump has predicted that trade deals will be made with all countries, including China, which has now refused to return revenge rates on US goods.

“There is an agreement with China,” Trump said in the White House. Each of them is being dealt with. ” However, China’s leaders “do not know how to go about”.

Trump believes that his policy will restore the US lost manufacturing base by force companies to move to the United States.

The billionaire former property tycoon has specifically attacked China, alleging that it has “dumping” cheap goods on additional production and other economies.

‘A little little’

Markets have been pursuing a roller coaster ride since Trump announced his price plans last week, which has a 10 % global levy effect on Saturday and the impact of top people on Wednesday.

Investors also began throwing US government bonds – a major economic red light since US sovereign debt is generally seen as a shelter for investors at disturbing times.

Trump denied that he withdrew at prices and said he was flexible.

He said, “I saw last night where people were getting a little malicious.”

Wall Street’s Tech Heavy Nes Deck Index increased by more than 12 % on Wednesday, while S&P 500 increased by 9.5 % in the wider albin.

“What day is, but more good days are coming !!!” Trump wrote his truth on social network.

Asia and Europe followed the case on Thursday, Tokyo closed 9.1 percent more when the Japanese government welcomed the tariff break but demanded that other Levies be stopped.

Paris and Frankfurt had more than 5 % of the afternoon deals, while London increased 4.5 %.

“It will be less as the biggest trade dialogue day in American history,” said Trump’s senior trade adviser Peter Navarro.

He told ABC News, “We have been in a beautiful position for the next 90 days”, laying on trade agreements with partners. , He told ABC News, adding that more than 75 have tried to talk with Washington.