Trump optimistic about deal despite strong response from China

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WASHINGTON: President Donald Trump is optimistic about his trade strategy despite 125 % of China’s retaliation on US goods, and his recent actions have expressed confidence in reaching the deal with the country after deepening the tensions between the two economic giants.

Investors threw US government bonds, the dollar was messed up and the stock was deepened by the traumatic global markets after a retaliation against Trump.

Last week, Trump sent financial markets to a tail spin last week announcing import tax on dozens of commercial partners, announcing import tax on dozens of business partners, just to return them up to 10 % for 90 days on Wednesday – while receiving tax on goods from China.

“We are really doing better on our tariff policy,” Trump said in a post on his truthful social network after China announced the latest increase. “

He wrote, “It is very interesting to America, and the world !!! It’s moving fast.”

The White House later said that Trump was “hopeful” about the deal with China, and added that 15 other countries are offering “on the table” during their 90 -day break at their rates.

But the press secretary Karolway Levet added, “The president made it clear, that when the United States is killed, he will hit the corn more strictly.”

The United States and Beijing have been trading Salvoos for faster prices since last week.

Chinese President Xi Jinping gave his first big comments about tensions on Friday, with State media quoting him as his country was “not scared.”

XI also said that during a conversation with Spain’s Prime Minister Pedro Sanchez, the European Union and China should “jointly fight unilateral bullying methods”.

– ‘Number Game’ –

Beijing announced after the XI comments that 125 % of new prices on US goods would apply on Saturday – which is almost similar to 145 % on Chinese goods coming to the United States.

A spokesman for the Chinese Trade Ministry said that the United States took full responsibility, and made Trump’s prices as a “game of numbers” that would “become a joke.”

But the Chinese Ministry of Finance said that there would be no increase in revenue in the confession that almost no imports were possible at the new level.

Trump reiterated Thursday that he wanted to make an agreement with XI, despite the rising tensions.

He told reporters, “He has been my friend for a long time. I think we will work on something that is great for both countries.”

But US officials have made it clear that they expect XI to arrive first.

The pressure on Trump was increasing, however, when markets continued to continue.

Production on important bonds of the US government, which is commonly seen as a safe haven, stood up again on Friday, which indicates weak demands after investors are scared.

However, the White House said it has no evidence to support speculation by traders that China has some extensive holdings – which increases the cost of borrowing for the US government – in retaliation.

Meanwhile, US Federal Reserve policy makers warned of more inflation and gradual growth due to Trump’s tariff policy.

– ‘Response Steps’ –

Economists have warned that trade between US and Chinese economies will raise prices for consumers and can give rise to global recession.

Swiss coat bank analysts, IPC Ozcardeskia, told AFP that tariff figures are “so high that they don’t mean anymore”, but said China “is now ready to go as needed.”

The rest of the world is still causing its response.

Trump described the European Union on Thursday – who was actually targeted by Trump by 20 % of revenue – “very smart” for refusing to retaliate.

Brussels announced that senior European Union officials and Chinese leaders are ready to hold their next summit in China to identify 50 years of relations in China. The European Union’s trade chief Maras Saifkoich will hold talks in Washington on Monday.

But Ursola Van Dare Leene, chief of the block from 27 countries, told the Financial Times on Friday that it was equipped with a “wide range of counter messages”, which included a potential hit on digital services that would attack US -tech firms.