The White House announced that the talks between the United States and China on a commercial deal made “great progress”, however, no official deal was announced at this time, leaving the investors in doubt.
According to May 11 advertisement From the White House, more details will be revealed about commercial conversations and the proposed “agreement” will be revealed on May 12.
“I am pleased to inform us that we have made great progress between the United States and China in the very important commercial talks,” Treasury Secretary Scott Bessin said in a joint statement with the American commercial actor.
“We will provide the details tomorrow, but I can tell you that the conversations were fruitful,” continued, without mentioning the word “Deal” once in his statement.
Jarir mentioned the deal, but he did not give any details about the conversations, and left the investors in doubt About advertising material, with market participants continuing to monitor continuous commercial tensions of relief marks.
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Trump’s tariff causes chaos in the market and attracts widespread criticism
Although traditional financial and digital assets markets have regained and recovered some lost value after the initial prices offered by US President Donald Trump’s commercial definitions, the invested uncertainty is still on the horizon on asset markets.
The Trump administration has turned on its customs tariff policies, or reflected its course on trade proposals or reducing its discourse several times, leaving the investors to be ready and indispensable to invest in the most dangerous assets such as technical stocks and encryption.
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In April 2024, Customs Protection and US Border Protection, at the request of the Trump administration, Declare Technical products selected from customs tariffs including smartphones, treated chips, computers, and other electronics will be exempted.
However, US Trade Minister Howard Lootnick marched e -tariff exemptions one day after the announcement.
Lootnick said that customs tariff exemptions will be temporary only until administration officials decide a comprehensive tariff system characterized by different tariff rates for the economic sectors.
The lack of a comprehensive and crucial trade policy described the Trump administration plans as a question, as many observers said that commercial tariffs will only create more dispute in the financial markets and the wider economy.
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