The Secretary of Commerce of the United States (USA), Howard Lutnick, gave consecutive interviews in CNBC and Fox Business on Thursday, reiterating some common points of conversation about trade of the Trump administration. The specific details about the statements of Secretary Lutnick are scarce, but the Trump administration could be difficult to show its hand on who between the US and China is under more pressure to achieve a justification for a setback in tariffs.
Key points
I think we will get there on July 8.
As you advance towards larger and more work economies, take time.
I think the 10% base tariff is maintained.
If nations open their market, the best thing they can do is 10%.
Descalada and rates reduction is the goal for China.
We will file agreements during the next month.
We want 50% of the chips to be national.
I am in favor of increasing the tax rate on high income.
The US Treasury Secretary, Besent, is focused on China discussions. I am a driver in the other issues.
The agreement with the United Kingdom helps reduce dependence on China’s supply chain a bit.
I am focused on large countries for the next trade agreements.
I am focused on large countries for the next trade agreements.
We want a commercial agreement of a great country in Asia.
We have the letters, and we will play them well in commercial negotiations.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
