On Friday, stock markets were equal as investors are expecting the start of long -awaited trade talks between the US and China this weekend. S&P 500 decreased by 0.07%, Nasdaq was equal to and Chain Jones slid down 0.3%. The markets closed a week of stagnation, dropping on Monday before returning losses later a week.
“I look forward to the final negotiations when we are working on the Barbalan International Economic System to serve the US interests better,” said Scott’s Secretary Secretary announced that he will go to Switzerland Geneva to meet with his Chinese colleagues.
On the eve of the meeting, President Donald Trump weighed on Friday that, in his opinion, he would be a fair export tax to China, “80% of China seems to be right!”
This would be a decline in the current tariffs by 145% in China, which Trump introduced in April, but still a high tax on one of the largest US trading partners. The People’s Republic revenged the US, and 125% of the US export tax, and the Tit-Tat trade war has already affected world trade.
China said on Friday that in April exports to the United States decreased by 21% compared to last year, and US parties reporting Moisturous activity. For example, at Portland’s port in Oregon, on April 2, on April 2, a 50% drop from “Liberation Day” was first presented when Trump first presented his set of historically high tariffs.
However, the president said his administration reaches trading transactions. Thursday he disclosed A trading base with the UK. The transaction allows the UK to send 100,000 cars a year in the US for 10% tariff, and all that is above 25% of the tax. Both steel and aluminum can enter the tariff for free. Tim Meyer, Professor by the Duke University Trade Rights, detach Bloomberg The Trade Out was “nothingBurger”. Automobilee Detroit, including General MotorsFord, and Stellantis. criticized the White House However, for the agreement, saying it preferred the UK over Mexico and Canada.
“A lot of trading transactions in the bunker, all good (great!)!” Trump posted on the truth on Friday.
Stagnant markets on Friday put an end to the market, which in early May snitty. While Trump’s initial tariffs forced the markets tanks after it dropped the cardboard poster imposed taxes imposed on dozens of countries, since then the markets bounced to the previous liberation level. ”
Originally this story was presented on Fortune.com
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2025-05-09 20:13:00
Ben Weiss
