Trump says that low customs duties depend on China, where US states are sustaining the trade war Donald Trump News

Wall Street gatherings for the second day in the hope of not escalating in trade tensions between the largest economists in the world.

US President Donald Trump repeated his intention to reduce his broken tariff on China, but he insisted that the schedule of any rest depends on Beijing.

Speaking to the White House journalists on Wednesday, Trump said he could announce the prices of new tariffs on American commercial partners, Including ChinaDuring the next few weeks, depending on the result of his administration negotiations with other countries.

“This depends on them. We have a position in which we have a very cool place. The United States of America is called, and it has been separated for years and years,” Trump said when asked about how soon it could reduce a tariff of 145 percent: It was imposed on most Chinese goods.

“In the end, what I think will happen is that we have great deals, and by the way, if we do not have a deal with a company or country, we will put the customs tariff.”

Trump said he got “very well” with Chinese President Xi Jinping, and he was hoping to see the sides reaching a deal.

“Otherwise, we will put a price,” Trump said.

He was asked earlier on Wednesday if his administration was “actively” spoke to China, Trump said: “Activity. Everything is active. Everyone wants to be part of what we do.”

Trump’s comments came when Wall Street gathered for the second consecutive day in the hope that Washington and Beijing will confuse the tensions that were designed to an effective trade ban between the world’s largest economists.

The S& P 500 normative index closed 1.67 percent higher on Wednesday, while the NASDAQ technology compound ended 2.50 percent, adding to the gains the previous day stimulated by the US Treasury C wose, Scott Pisent, that trade with China was “uninteresting.”

On Wednesday, the Wall Street Journal reported that the Trump administration was studying a falling tariff on Chinese goods by 50-60 percent in an attempt to reduce tensions.

The report, which was martyred in the people familiar with this matter, said that Trump was considering a number of options to relieve duties, but it is expected that Beijing will see reducing 125 tariffs on American goods in return.

On Tuesday, Trump publicly admitted that his 145 percent definition in China was “very high” and said the rate would “drop significantly” at some point.

China said He opposes protectionist measures Like a customs tariff, but it is scheduled to “fight to the end” if the United States continues to escalate Sulfo trade.

“We have made it clear that China is not looking for a war, but we are not afraid of that. We will fight, if we fight, we must,” Chinese Foreign Ministry spokesman Qouh Jiakoun said at a regular press conference on Wednesday.

“Our doors are open if the United States wants to speak. If the negotiating solution is what the United States really wants, it must stop threatening and blackmailing China and seeking dialogue based on equality, respect and mutual benefit.”

The US -Chinese trade war raised fears of the global economic slowdown, as the International Monetary Fund reduced earlier this week its growth forecast for 2025 from 3.3 percent to 2.8 percent.

On Wednesday, a group of 12 American states, including Arizona, Colorado, Concitect, Illinois, and New York, filed a lawsuit challenging Trump’s authority to impose definitions without the approval of the American conference.

In the lawsuit filed in the American International Trade Court in New York, the states said that Trump “raised the constitutional system and brought chaos to the American economy.”

“The crazy tariff plan for President Trump is not only an economic recklessness – it is illegal,” Arizona Public Prosecutor Chris Mayiz said in a statement.

“Arizona cannot bear a tax increase for President Trump. Regardless of the White House demands, the definitions are a tax that will be transferred to Arizona consumers.”