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Consumed Secretary Scott of Import investors At a closed door on Tuesday, he expects “the president will have de -escalation” Donald Trump‘s trading war since China In the “quite the near future” the man in the room told CNBC.
“The following steps with China – no one believes that the current status is sustainable” with tariff rates at their current level, said the infant at a private investor summit in Washington, the Colombia County, which is conducted by JPMorgan Chase.
StocksAlready recovered after the sale of the previous day, it increased above after the first time registered the insignificant.
The inflate said he believed that the prospect of de -escalation between economic superpowers “should give the world, markets, sighs”, according to the man in the room.
“We have an embargo on both sides, right?” he said.
The beetle also insisted that, despite the fact that the United States strengthens the tariffs for Chinese imports up to 145%, and China avenged 125% of US goods, Trump’s goal is not for a distinction.
The secretary of the US Cabinet noted that negotiations with China are likely to be a “slogan”.
But none of the parties “does not believe that the status is stable,” the infamous added.
Later on Tuesday, White House press secretary Carolyn Levitt repeated the positive outlook for negotiations with China, although no official suggested that these talks actually started.
Levitz said in the pressbird that Trump wants people to know that “we are very good about the potential trading deal with China.”
Trump “set the basis for a deal with China,” she said, “and the ball moves in the right direction.”
Asked if Trump was talking directly to Chinese President Xi Jinping, Livit replied that she had nothing to share.
This is conducting the news. Please check the updates.
