President Donald Trump suggested that he could temporarily exempt the auto industry fromThe definitions it imposed beforeIn the sector, to give car makers time to adjust their supply chains.
“I look at something to help some car companies with them,” Trump told reporters who gathered in the oval office. The Republican President said that car manufacturers need time to transfer production from Canada, Mexico and other places, “They need a little time because they will make them here, but they need a little time. So I am talking about things like this.”
Matt Blant, Chairman of the American Automobile Policy Council, a Ford Association, General Motors and StelantisThe group said that the group exchanged Trump’s goals in increasing local production.
“There is increasing awareness that the wide customs tariffs on the parts can undermine our common goal of building the prosperous and growing American auto industry, and that many of the transfers of this supply chain will take time,” said Blanc.
Trump’s statement alluded to another tourReflexes on the definitionsThe Trump attack also from import taxesFinancial markets panicIt raised deep concerns of economists in Wall Street aboutPotential.
When Trump announced 25 % automatic definitions on March 27, he described them as “permanent”. His solid lines in trade have become increasingly unclear as he sought to reduce the potential economic and political trembling of his policies.
Last week, afterSelling the bond marketTrump paid interest rates on the debts of the United StatesFor 90 daysInstead, a wider tariff will be placed against dozens of countries in the baseline by 10 % to give time for negotiations.
At the same time, Trump increasedImport taxes on ChinaTo 145 %, only to temporarily dismiss the exempt electronics from some of these definitions by charging these goods at a rate of 20 %.
“I don’t change my opinion, but I am flexible,” Trump said on Monday.
Trump’s flexibility has also fueled a feeling of certainty and confusion about his final intentions and goals. The S&P 500 stock index increased by 0.8 % on Monday, but it still decreased by almost 8 % this year. The interest rates on US Treasury notes for 10 years were approximately 4.4 %.
Karl Tannnnbum, chief economist in Northern confidence Global Financial said that Whiplash was so great that he might have to “obtain a neck pillar.”
Tannenbau warned in an analysis: “The damage to the consumer, business and confidence in the market may actually be irreversible.”
Publish Maroš šefčovič, European Commissioner for Trade and Economic Security, He x On Monday, on behalf of the European Union, he participated in trade negotiations with Trade Minister Howard Lootnick and American Trade Representative Jameson Jarir.
“The European Union is still based and ready for a fair deal-including the reciprocity of our exhibition 0 against 0 on industrial goods and working in unacceptable barriers,” said šefčovič.
The US President also said that he spoke with apple CEO Tim Cook recently. Several Apple products, including the famous iPhone, are assembled in China.
Apple did not respond to the Monday’s request to comment on the latest fluctuations in the Trump management pendulum.
Even if the exemptions granted on electronics last week turned to short -term, the temporary exemption gives Apple to breathe space to find out ways to reduce the impact of the trade war on iPhone sales in the United States
This possibility helped raise the Apple 2 % share price on Monday. However, the stock has abandoned an early 7 % increase, as investors tackled the possibility that the iPhone has been marginalized by more customs tariffs on Chinese Chinese products in the coming weeks.
Dan Evez, a playbush secretries analyst, said that Apple is much better than it was a week ago, but he warned that he was still not to have “collective uncertainty, chaos, and confusion about the following steps.”
Apple’s potential tool during the current tariff process can be how to convert more iPhone production from its long centers in China to India, where it began to expand its manufacture while Trump made a commercial war during his first term as president.
The Trump administration suggested that its definitions have beenolated China, as the United States has been involved in talks with other countries.
But China also seeksBuilding more tense relationships in AsiaWith the countries that shocked the Trump tariff. China’s leader, Xi Jinping, met on Monday in Hanoi with the Secretary -General of the Communist Party in Vietnam in favor of a message that no one wins commercial wars.
When asked about the meeting, Trump suggested that two countries are conspiring to economic harm in the United States by “trying to know how we can link the United States of America.”
This story was originally shown on Fortune.com
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