Imps saying the term tariffs in China is likely to be extended

Finance Minister Scott Igred Tuesday said most likely Donald TrumpNext week he meets with his Chinese counterpart in Stockholm, Sweden, Sweden.

Both sides in mid-May agreed to a 90-day suspension of most heavy tariffs for each other’s goods while they continued trade talks. This suspension should end on August 12.

But “we’ll get what is likely to expand” during the negotiations on Stockholm on Monday and Tuesday, the infant said in an interview with Fox Business.

“I think the trade is in a very good place with China,” he said.

The indiscre that he hoped that the negotiations would affect other areas of the potential agreement, including forcing Beijing to slow down the “oversaturation of the production they do, and focused on the construction of the consumer economy.”

The US also wants to discuss “sanctioned Russian and Iranian oil they buy there, and what they do to help Russia” in its constant invasion of Ukraine.

“So I think we actually switched to a new level with China, where it is very constructive,” he said. “We will be able to do a lot of things now that the trade has settled at a good level.”

This obvious progress stems from several rounds of discussions that the United States and China are returning to the embargo rate that threatened to increase the two best trading partners in the world.

In April, Trump strengthened tariffs for Chinese goods to an effective 145% of the cowboy, when Beijing was the main goal of the new US administration to overcome the world trading landscape, possessing the duties imported to its economic partners.

China avenged 125% of US import tariffs.

Both sides agreed to reduce the corresponding tariff rates by 115% after the initial round of negotiations in Switzerland in Geneva, Switzerland.

At the next meeting in London, at the end of June, trade officials with Washington and Beijing confirmed the previous agreement.

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