US Secretary of Trade Howard Lootnick is discussing President Donald Trump’s potential agreement with China and Apple’s new investment of $ 100 billion in the United States about “Morning with Maria”.
American Trade Minister Howard Lootnick submitted a time update American commercial deal With China, President Donald Trump is likely to extend the commercial deadline for another 90 days.
When Maria Barteromo asked her at Fox Business on Thursday if the deadline of the commercial truce will be extended, he answered, “I do.”
“I think we will leave it to the commercial team and to the president to make these decisions. But they are likely to reach an agreement and they will expand it for another 90 days. But I will leave this team,” Lootnick said. “Morning with Maria.”
Senator agrees from the Republican Party that Trump is making progress in the trade war
“I think the president said yesterday everything on the table. As you know, he is thinking about his role as the peacemaker in the world and the creators of America.” “He will use all the tools in his toolbox to use. Nothing was excluded. So the president indicated progress in the China deal.”
The concept of trade business in American China as a war of tariffs of the United States of Chinese and the American definitions as two opposing groups of cargo shipping containers such as an economic conflict or a relationship to import and export as a three -dimensional clarification. (Istock)
He also detailed a 40 % proposed tax against China, to take strict measures against transporting goods across other countries to avoid the applicable duties.
“So we put a 20 % tariff on Vietnam, but this is dedicated to Vietnamese goods. If some other countries, let’s say China, you want to send things to Vietnam and sell them and then sell them to America, which comes 40 %,” explained Lotney. “Let’s stop this nonsense, which is to send it through other countries.”
Lutnick’s comments come on the same day that Trump’s high taxes on dozens of countries entered into force, just as the economic impact of his previous definitions began to show clear harm to the American economy.
The colleague of the Gatestone Institute, Gordon Zhang, joins “Sabah with Maria” to analyze the growing economic, military and military threats in Beijing against the United States
the A new widespread tariff I entered into force immediately after midnight on Thursday, and a 50 % increase. They come after some of the main commercial partners have reached a framework deals to obtain trade and investment privileges with Trump.
The White House said goods from more than 60 countries and the European Union will face tariff rates of 10 % or higher. Grands will be imposed on products from Japan, South Korea and the European Union by 15 %, and imports will be imposed from Taiwan, Vietnam, Bangladesh and others by 20 %. Britain taxes will only be imposed at a rate of 10 %.
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White House of Trade Consultant at the White House, Peter Navarro talks about the state of commercial agreements in the country about “earning money”.
Last month, the US economy received about $ 30 billion in customs tariff revenues, as Lottennik, who is now expected to increase to 50 billion dollars per month under the new fees.
“As the president says, this may continue to go towards, and reach a trillion dollars in the end,” said Lootnick. “These are amazing numbers for the United States of America, and there is no one who splits. Everyone realizes that you must sell it to the American consumer. The American consumer is the strongest factor (on) the land of the economy, and Donald Trump makes fun of it for the benefit of the American people.”
Landon Mion Fox Business contributed to this report.
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