Scott Payet believes that the customs tariff between the United States and China will get rid of

Treasury Secretary Scott Al -Rahman He told the investor summit on Tuesday that it is expected that the United States and China will classify the dilemma on the definitions because it is not sustainable for both countries.

Pesin said that although negotiations did not start, the deal is possible, the source that attended the investor’s summit for Fox Business. The summit was closed to the media and the public and hosted by Jpmorgan Chase. Bloomberg for the first time reported the news.

The Treasury Minister added that these commercial talks will take time, but the current situation with the high definitions is not seen as sustainable by either side.

Since he took office in January, the President Donald Trump A higher tariff imposed on China, including 20 % associated with the Fntanil crisis, as well as a “mutual” tariff by 125 % of up to 145 %. Some goods are also subject to an additional tariff ranging between 7.5 % and 100 %.

China, from South Korea, requires not to export the rare land products to the American defense, and warns companies that can be punished

the Chinese government Revenge, raising the definitions of the United States in several increases to a new rate of 125 % as of April 12.

Amid the efforts of the Trump administration to start trade talks with commercial partners, China threatened to take action against other countries that are compatible with the United States

“China strongly opposes any party that reached an agreement at the expense of China’s interest,” the Chinese Ministry of Commerce said in a statement on Monday. “If this happens, China will never accept it and will firmly be taken firmly counter -measures. China is designed and able to protect its rights and interests.”

“The calm will not bring peace, nor will the settlement be respected,” the statement continued.

China threatens counter -measures against the countries that “offer” us in the trade war

The Trump administration said that 75 countries have contacted the United States to negotiate Commercial dealsWhile White House press secretary Caroline Levit said on Tuesday that the administration had “18 proposals on paper” for trade deals.

Last week, President Trump said that Washington and Beijing could reach a commercial deal in less than three to four weeks.

“They have reached several times,” Trump said, referring to high -ranking Chinese officials, referring to high -level Chinese officials. When asked about how repeatedly they were in contact with the United States raising to 145 %, the president replied, “Many.”

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China, however, has it A pledge to fight a commercial war “Until the end,” saying it will only come to the talk table if the United States shows “the correct position of equality, respect and mutual benefit.”

Stephen Soras in Fox Business contributed to this report.