Trump blinks for the first time in the trade war he started

US President Donald Trump called the first shots in his trading campaign, but he also blinked the first in his tariff war.

Trump said at the end of Tuesday that the current 145% tariff for Chinese imports is “very high, and it will not be so high. … No, it will never be near. The softer tone of the president to China, despite the official negotiations, was in sharp contrast to his more combat rhetoric in April.

On his part, China welcomed the negotiations, but did not give way to any soil. “China’s attitude towards the tariff war, launched, is quite clear: we do not want to fight, but we are not afraid. When we fight, we will fight to the end; if we talk, the door is wide open,” said the press secretary of the Ministry of Foreign Affairs Guyukun.

Then the markets were rallied after a softening position, but with a swing in the rhetoric from the White House, we could be for another whip when Trump changed his mind.

– Lim Hui Jie

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