Wall Street meets for the second day with the hope of a decalcage in commercial tensions between the two largest economies in the world.
The president of the United States, Donald Trump, has reiterated his intention to reduce his paralyzing tariffs on China, but insisted that the schedule for any relief will depend on Beijing.
Speaking to the White House journalists on Wednesday, Trump said he could announce new tariff fees on US commercial partners, including China, in the coming weeks, depending on the result of the negotiations of his administration with other countries.
“That depends on them. We have a situation in which we have a very, very good place. It is called the United States of America, and it is a bone cheated for years and years,” Trump said when he asked Howe Imosthe has made what he has.
“In the end, which I think will happen, we will have great offers and, by the way, if we do not have an agreement with a company or a country, we will establish the rate.”
Trump said he got “very good” with Chinese president Xi Jinping, and hoped to see that the sides reached an agreement.
“Otherwise, we will establish a price,” Trump said.
When asked the earlier Wednesday if his administration was “actively” talking to China, Trump said: “Actively. Everything is active. Everyone wants to be part of what we are doing.”
Trump’s comments occurred when Wall Street recovered for a second consecutive day in the hope that Washington and Beijing will disassemble the tensions that have become an effective commercial embargo between the two largest economies in the world.
The Benchmark S&P 500 closed 1.67 percent higher on Wednesday, while the Nasdaq compound with technological weight finished 2.50 percent, which increased the profits the previous day stimulated by the comments of the United States Treasury Scott Bessent that a trade was ate A.
On Wednesday, the Wall Street Journal reported that the Trump administration was considering reducing tariffs on Chinese products by 50-60 percent in an attempt to reduce tensions.
The report, which cited people familiar with the matter, said that Trump was considering a series of options to relieve duties, but that Beijing lowered his 125 tariffs on US goods in return.
On Tuesday, Trump publicly recognized that his 145 percent tariff on China was “very high” and said the “substantial” decrease rate “at some point.
China has said that it opposes protectionist measures such as tariffs, but is prepared to “fight until the end” if the United States continues to increase its commercial salvations.
“We have made it very clear that China does not look for a war, but Neith we are afraid. We will fight, if we fight,” the spokesman for the Chinese Foreign Ministry, Guo Jiakun, last a regular media information session on Wednesday.
“Our doors are open if the United States moves to speak. If a negotiated solution is really what the United States should threaten and blackmail from China and seek dialogue based on equality, respect and mutual benefit.”
The US-China commercial war has increased the fears of a global economic slowdown, with the International Monetary Fund earlier this week reducing its growth prognosis of 2025 from 3.3 percent to 2.8 percent.
On Wednesday, a group of 12 US states, including Arizona, Colorado, Connecticut, Illinois and New York, filed a lawsuit that challenges Trump’s authority to impose rates without the approval of the United States Congress.
In the lawsuit filed in the United States International Trade Court in New York, states said Trump had “overturned the constitutional order and brought chaos to the US economy.”
“President Trump’s crazy tariff scheme is not only economically without recases, it is illegal,” said Arizona’s attorney general Kris Mayes, in a statement.
“Arizona cannot afford to increase President Trump. It doesn’t matter what the White House affirms, tariffs are a tax that will be transmitted to Arizona consumers.”