Commercial negotiations could continue after the deadline of July 9 established by Donald Trump.
“We can do what we want. We can extend (this date). We can shorten it,” the US president said at a press conference at the White House this Friday, June 27.
After announcing the implementation of prohibitive customs tariffs in products imported from most countries in the world in early April, Donald Trump fell under pressure from financial markets by announcing a 90 -day period, current until July 9, to negotiate.
Previously, Scott Besent, secretary of the Treasury, had explained that the discussions could continue until the day of American Labor Day, on September 1.
“We have 18 important commercial partners (…) If we manage to spend 10 or 12 of these 18 important agreements, I think we could conclude the trade for Labor Day,” said Scott Besent in Fox Business.
Political points out that this statement follows that of Stephen Miran, the main economic advisor of the White House, who said Thursday that Donald Trump could extend the deadline of July 9.
According to China
As a reminder, the US President has threatened many countries to impose customs duties of up to 50% if the commercial partners in question did not conclude a commercial agreement before July 9. Therefore, it seems ready to complete your position.
China announced, on Friday, June 27, “confirmed the details” ofA commercial agreement with the United Statesensuring that Washington raised “restrictive measures” against him and that Beijing “would examine and approve” articles subject to export controls. The news galvanized stock markets. In Wall Street, the S&P 500 index has obtained a new record in the session at more than 6,180 points.
Other countries, such as the United Kingdom, have also completed agreements with Washington. At the moment, they are always imposed a minimum customs tax of 10%. Political points out that Stephen looks at that this floor could be raised if the countries in question agree “aggressive concessions.”
Source: BFM TV
