Donald Trump’s government expects to close commercial agreements next month with most countries to which taxes imposed, while the commercial war unleashed by its aggressive tariff policy focuses on a pulse with China that worries companies and begins to ballast the popularity of the Republican president.
Washington applies a 10% tariff to imports of almost all its partners until the beginning of July, when the pause expires in the highest tariffs, which Trump calls “reciprocal”, and with which he intends to ob Beijing, which imposes a tax of 145%.
In turn, the US imposes others tariffs like steel and aluminum, 25%and the White House justified this Friday its operation in the good progress of a company of products derived from these raw materials, Ellwood Group, which had an increase in intentrrimstral sales of 30%.
However, corporate America seems rather concerned, judging by a Survey of more than 300 CEOs (CEO) published this week by Chief Executive magazine, which reflects its disagreement with tariffs, as well as by the prudent forecasts of large traded companies.
The Delta airlinethe first to disseminate data from this sector sensitive to the economic situation, multiplied its benefits by six, but withdrew its annual forecasts alluding to tariff uncertainty, and its CEO, Ed Bastian, launched a dart to “The Skirts” of the US in commercial matters.
This same Saturday, A CNBC survey suggested that Trump’s tariff policy is mellating its popularitywith its worst approval figures in economic matters of its presidential career (55 % suspend it) and a clear discontent in its inflation management (60 % suspend it).
A tense pulse with China
With the commercial war now focused on the US and China, the Chinese president, Xi Jinping, turned this week through several Southeast Asian countries to strengthen relations and precisely signed a hundred Cooperation agreements with Vietnam, Malaysia and Cambodia.
These countries, which face some of the largest “reciprocal” tariff He has promised not to retaliateas Beijing has done.
Little has transcended on the US negotiations, but Vietnam (which faces a 46%tariff) said on Friday being “ready to negotiate”, after a meeting between his government and the US-Lan business council in which they concluded that Their economies “complement each other, do not” compete. “
Trump said this week talking to Chinese representatives to reach an agreement with Beijing in the coming weeks, but on the other side of that pulse, his Chinese counterpart maintains the 125 % tariffs to the United States. And he has taken other measures, such as veto the deliveries of Boeing aircraft.
Last Thursday, Washington moved another pawn in this commercial chess by putting Tariffs to ships built and operated by China That they arrive at US ports, to press Beijing with an increasingly aggressive strategy.
For his part, the United States Secretary of Commerce., Howard Lutnick, which defended the tariff truceit seems that he only managed to convince Trump of a pause, by adding forces with the secretary of the Treasury, Scott Besent, and go to the Oval Office of the White House during an absence of the Hard Line Advisor Peter Navarro, according to The Wall Street Journal.
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