Amanda Klein: Trump agreement with UK leaves bags in ecstasy

Donald Trump has applied 10% overflow to imports around the world in April, including the UK, but temporarily froze the highest for dozens of countries to margin negotiations.

Amanda Klein stressed that the beginning of negotiations between the United States and the United Kingdom resulted in the announcement of tariff reductions in various sectors, but nothing has yet been signed.

Negotiation includes reducing tariffs and more access to the British market for beef, ethanol and a series of US agricultural products. In return, the United States agreed to remove that 25% tariff on steel/aluminum and also on the UK cars, up to a certain quota.

However, it will keep the 10% floor for all products. The agreement also involves the purchase of $ 10 billion from American Boeing planes. There is no information on when the signing of this agreement will be. For now, negotiations continue.
Amanda Klein

China is also on the list of those who can close a negotiation with the US, at least that’s what Trump says he believes, as representatives from both countries should meet tomorrow in Switzerland.

Trump told reporters in the White House that he expects 145% tariffs against China to fall and prophesied about the meeting that his Treasury Secretary and the Commercial Department representative will have the Chinese in Switzerland on Saturday. ‘I think it will be a very friendly meeting,’ said Trump. ‘They are eager to do this elegantly.’