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Today, April 22, 2025, the President of the United States, Donald Trump, announced a significant change in his administration's stance towards China. In a press conference at the White House, Trump stated that he does not intend to adopt an aggressive approach in trade negotiations with the Asian country, signaling a possible reduction in the tensions of the trade war between the two nations.
This statement comes after Treasury Secretary Scott Bessent classified the current tariff war as 'unsustainable' and expressed optimism regarding a possible resolution. Bessent suggested that, although formal negotiations have not yet begun, there are real chances for an agreement to be reached.
Trump's and Bessent's statements had an immediate impact on financial markets, with major stock indices recording significant gains, reflecting investor optimism in light of the prospect of relief from tariffs that have negatively affected the global economy.
Despite the conciliatory tone, Trump emphasized that if China does not accept an agreement, the United States will establish the unilateral terms of trade relations. He also indicated that, following a possible agreement, tariffs on Chinese products could be significantly reduced, but not completely eliminated.
The White House is therefore preparing the ground for a potential agreement with China, which could represent an important turning point in U.S. trade policy and bring relief to various economic sectors affected by the tariff war.
This statement comes after Treasury Secretary Scott Bessent classified the current tariff war as 'unsustainable' and expressed optimism regarding a possible resolution. Bessent suggested that, although formal negotiations have not yet begun, there are real chances for an agreement to be reached.
Trump's and Bessent's statements had an immediate impact on financial markets, with major stock indices recording significant gains, reflecting investor optimism in light of the prospect of relief from tariffs that have negatively affected the global economy.
Despite the conciliatory tone, Trump emphasized that if China does not accept an agreement, the United States will establish the unilateral terms of trade relations. He also indicated that, following a possible agreement, tariffs on Chinese products could be significantly reduced, but not completely eliminated.
The White House is therefore preparing the ground for a potential agreement with China, which could represent an important turning point in U.S. trade policy and bring relief to various economic sectors affected by the tariff war.
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