The President of the United States, Donald Trump, spoke during the swearing-in ceremony of his ambassador to China, David Perdue. At the center of the discussion is the trade war between the United States and China, which has highlighted the large gap between the two nations in terms of trade and the difficulties in reaching an agreement on tariff reductions.
In a recent statement, the Ministry of Commerce of China stated that U.S. officials expressed their willingness to discuss tariffs, raising expectations for dialogue. However, Trump denied that the United States has initiated trade talks, contradicting those who claimed otherwise.
During his remarks, Trump mentioned that previously the United States lost a lot of money in trade with China, but now the situation has changed. He claimed to be willing to reduce tariffs on China in the future, although he also pointed out that American consumers should be prepared to pay higher prices if necessary to achieve their trade goals.
Reciprocal actions between the United States and China have shocked the markets and threaten to raise prices on manufacturing equipment, as well as affordable goods for citizens, such as clothing and toys. Despite some optimism for upcoming talks between the two nations, there is still uncertainty about the direction the trade war will take.
For its part, the Chinese government has taken measures to stabilize the markets and stimulate its economy. Meanwhile, both the United States and China are under pressure to reach an agreement that benefits both parties and avoids further deterioration of the global economic situation.
