Minister of Finance Bavert says

Finance Minister Scott Babe On Monday assigned responsibility for reaching a trade agreement in China.

“I believe that China should be de-scald because they sell us five times more than we sell them, and therefore these 120%, 145% of tariffs are impossible,” said the inflate during an interview at Squawk Box.

The comments come with markets at the border towards tariffs after President Donald Trump’s announcement on April 2 on wide world duties. A week later, Trump said it would be stored on 10% of desktop tariffs, but the table for 90 days of more aggressive levies against individual trading partners.

Since then, the United States has made progress in the negotiations, said the infant, highlighting India for a potential transaction in the coming days among 15 to 18 “important trade relations”, which are subject to negotiations.

“We had many countries that have spoken and presented very good proposals and we evaluate them,” he said.

“I would think India will be one of the first trades we will sign. So see this space,” the infant added.

In addition to assessing the situation with China and other Asian countries, the infant has accused that European countries are probably “panic” over the euro against the US dollar since the start of tension. This year, the euro increased by almost 10% against the green lapel after the currencies reached almost parity in early January.

“You’re going to see (European Central Bank) to try to return the euro,” said the infant. “Europeans do not want a strong euro. We have a strong dollar policy.”

Administration representatives recently sent ambiguous signals about the state of negotiations.

Last week, Trump said he talked to Chinese officials when they visited Washington. However, other reports showed that the negotiations did not take place because officials were in the city for the World Bank and international monetary meetings.

Insent insisted that the White House would not negotiate in the press.