Uddrag fra Yahoo Finance
President Trump on Wednesday confirmed that trade tensions with China remain high, telling a reporter who asked whether the two countries are headed for a prolonged trade war, “Well, you’re in one now.”
The president’s comments came despite Treasury Secretary Scott Bessent suggesting that an extension of the tariff pause between the US and China was possible — and that Trump still plans to meet with Chinese President Xi Jinping later this month.
Over the past week, relations between the two countries have become increasingly strained, though both sides have sent mixed signals about just how serious the fallout could be.
Last Friday, Trump said the US would impose an additional 100% tariff on Chinese goods starting on Nov. 1 over Beijing’s plan to impose new export controls on rare earth minerals.
At the start of this week, Wall Street breathed a sigh of relief when Trump hinted at a possible deescalation.
“Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment,” he wrote on Truth Social.
Since then, however, China sanctioned US units of a South Korean shipping company, while Trump threatened to further curtail trade with the country in response to its halt of US soybean purchases.
US tariffs on China of nearly 145% in some cases are on hold until Nov. 10 while the two countries negotiate a larger trade deal. Chinese tariffs on US goods ballooned to 125% before the pause.
