Trump praises ‘friendly, constructive’ American commercial interviews

Donald Trump says that there has been a “total reset” in trade relationships in the US and China after the first day of conversations between American and Chinese officials in Switzerland.

In a post on social media, the US President described the conversations as “very good” and said that change “had been negotiated in a friendly but constructive way”.

An escalating trade war between Washington and Beijing has seen US President Chinese Import to the US hit with rates of 145%. China took revenge with taxes of 125% on some American goods.

After months of back and forth, the two countries come for the first time since Trump China for the first time in Geneva meet with rates at the start of the year.

So far, there is little information outside the truth of the US president where the social post of the conversations has emerged. They will continue on Sunday and take place between the Deputy Prime Minister of China, which he Lifeng and the American Minister of Finance Scott Bessent.

“For the well -being of both China and the US, we want to make an opening of China to American things. Great progress !!!” Trump added.

On Friday, the press secretary Karoline Leavitt of the White House said that Washington would not unilaterally lower the rates, and China should make his own concessions.

Both parties gave several other warnings before the meeting, in which Beijing said that the US should alleviate the rates, while Bessent emphasized that the focus was on “de-escalation” and this was not “large trading deal”.

Chinese state media reported that Beijing had decided to come into contact with the US after fully considering worldwide expectations, the interests and calls of the country of American companies.

Last month, The BBC discovered that Chinese exporters were struggling with the US rates – One company, Sorbo Technology, reported that half of its products were normally sold to the US and were now in boxes in a warehouse in China.

In the meantime, the US economy appeared to have shrunk in the first three months of the year – with an annual rate of 0.3% – when companies ran to get goods in the country.

The trade war between China and the US becomes more intense last month after President Trump has announced a universal basic line rate for all imports for the United States, about what he called “Liberation Day”.

About 60 trading partners, who described the White House as the “worst offenders”, were subjected to higher rates than others. The list included China and the European Union.

Trump said that this was the years of repayment for unfair trade policy for the US.

He also annually announced an import load of 25% on all steel and aluminum that came in the US, and another 25% rate on all cars and car parts.

Last week it was announced that the US and the UK had agreed a dealIn which the 25% will be reduced to 10% for a maximum of 100,000 British cars – which correspond to the number of cars that the UK exported last year.

Cars are the largest exports from the UK to the US, last year worth around £ 9 billion.