US President Donald Trump says he does not make a deal with China unless he solves the trade deficit
US President Donald Trump said on Sunday, unless the Chinese trade deficit is resolved, said there will be no agreement according to Reuters.
Trump also said that when asked about the latest market volatility, he insisted that he had to “sometimes take medication”, and that he did not intentionally try to trigger a sales.
US Trade Secretary Howard Lutnick confirmed that tariffs will not be postponed on Sunday and that policy would remain in place for days and weeks.
Treasury Secretary Scott Bessent said that more than 50 countries are approaching management for negotiations, but there is nothing you have been bad actors for a long time and there is nothing you can negotiate in days or weeks ”.
Market reaction
During the press, the US Dollar Index (DXY) fell 0.44% in 102.89.
USA-China Trade War FAQs
In general, a trade war is an economic conflict between two or more countries due to over -protectionism at one end. It means the creation of trade barriers such as tariffs that result in counter -barriers and that lead to an increase in import costs and thus living costs.
An economic conflict between the United States (USA) and China began in the beginning of 2018, when President Donald Trump identified trade barriers on China and claimed unfair commercial practices and intellectual property theft from the Asian giant. China, cars and soybeans, such as more than one US property by applying tariffs by performing retaliation action. In January 2020, the two countries increased tensions until the US-China phase signed a trade agreement. The agreement required structural reforms and other changes in China’s economic and trade regime, and acted as if it were recovering the stability and confidence between the two countries. However, the coronavirus epidemic took the focus of the conflict. Nevertheless, it should be noted that President Joe Biden, who took office after Trump, holds the tariffs in place and even adds some additional taxes.
47. As the US President, Donald Trump’s return to the White House created a new wave of tension between the two countries. During the 2024 election campaign, Trump promised to bring 60% of tariffs to China after returning to his position on January 20, 2025. The US-China Trade War caused a decrease in investment, especially consumption, affecting global economic landscapes affecting global economic landscapes, affecting global supply adults to continue where it was quit.
