The White House announced that the talks between the United States and China on a commercial deal made “great progress”, however, no official deal was announced at this time, leaving the investors in doubt.
According to May 11 advertisement From the White House, more details will be revealed about commercial conversations and the proposed “agreement” will be revealed on May 12.
“I am pleased to inform us that we have made great progress between the United States and China in the very important commercial talks,” Treasury Secretary Scott Bessin said in a joint statement with the American commercial actor.
“We will provide the details tomorrow, but I can tell you that the conversations were fruitful,” continued, without mentioning the word “Deal” once in his statement.
Jarir mentioned the deal, but he did not give any details about the conversations, and left the investors in doubt About advertising material, with the market participants continue to monitor Continuous trade tensions To obtain relief marks for financial markets.
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Trump’s tariff causes chaos in the market and attracts widespread criticism
Although traditional financial and digital asset markets have recovered and recovered some of the lost value yet Initial price shock US President Donald Trump brought it Comprehensive commercial tariffThe uncertainty invested on the horizon remains on the origins of assets.
The Trump administration has turned against the customs tariff policies, Reverse the path on trade proposals Or soften her discourse several times, leaving investors on the edge of the abyss and is not sure to invest in the most dangerous assets such as technical stocks and encryption.
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In April 2024, Customs Protection and US Border Protection, at the request of the Trump administration, Declare This choice Technical products will be exempt from definitions Including, smartphones, processing chips, computers, and other electronics.
However, US Secretary of Trade Howard Lootnick Electronic tariff exemptions walked One day after the announcement.
Lootnick said that customs tariff exemptions will be temporary only until administration officials decide a comprehensive tariff system characterized by different tariff rates for the economic sectors.
The lack of a comprehensive and decisive trade policy Trump administration plans invited a questionAnd where many observers say that commercial tariffs will only create more dispute in the financial markets and the wider economy.
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