Trump said to lower rates in China. Unless the number drops, experts don’t care star-news.press/wp

White houses indicate that he can lower his rates in China, but experts say that accurate figures would not have much inequality.

Right now, the US has a 145 percent rate of Chinese goods, while China has 125 rates on US goods. Skip to these levels this month when two countries worked tit-for-tat Growing rates.

Donald Trump said the US President Tuesday told Tue “in the news conference”Download significantly“But it would not completely disappear. According to it Report by Wall Street JournalA White House Officially said Trump Administration fees to cut rates between 50 and 65 percent from 145 percent.

Eric Miller, International Trade Advisor and President of the Rideau Potomac Strategy, says that these figures are not enough to be different.

“Although they are welcome to the coming fee level, they will not be significant enough to re-get the majority of trade again,” Miller said.

According to Miller, 145% fees are not different than 1,000 percent rate. Both have closed trades between countries effectively.

Serious economic pain

According to the current level, Miller said that Importers of China’s goods are expected to pay $ 1.50 for all products that are being transferred to the quarter country. “So they start with loss of this process. This means that no one will joke into China after time,” said Miller.

He already hurts American businesses, especially those who do things in the US and trust supplies or materials from China.

China’s fees over 20 percent (it is rough average when he climbed his first presidency) will cause severe economic pain, according to Miller.

“When you start getting up once … more than 20 percent, there is a decline in the number of goods, they can be really economical at these levels,” Miller said.

Under 50% or 60 sheets, Miller says, America’s companies would still be in a hurry to prevent production from china.

Like some industry clothes, for example, the market would be 50% price, as Miller says.

According to A 2024 Report by the US International Trade CommitteeThe US imported $ 79.3 billion from China in 2023 and was 21% of all imports of clothing. Miller says that fast fashion sellers make their own clothes in China and sell them at low cost, these lower rates can still significantly increase clothing prices, ending our consumers effectively.

And assuming China assumes a US rate rates, Miller adds American companies that export to China (like farmers who usually sell Billion dollars to Soy China One year) he would be priced.

China did not go back

Anne Stevenson-Yang, J Capital Research and Author Creator Wild walk: A brief history of opening and closing Chinese economyOkay with Miller 50% or 60% reduction will not be a little difference. More than 50 percent works like a commercial embargo.

But although the US can fall into rates, all types of trade are kept far away. The Trump Administration previously stated that in China talked about a possible commercial agreement, even since Chinese officials said There is no discussion so far.

Stevenson-Yang said China has been “master” to send a public message that will not be bent so far. When some great Chinese companies came out with plans to invest in the US, China will not be back first.

When the rates were previously trade war, Miller says, the probability said they are “relatively low”. The goal of Trump Administration is to return to the US

But Pau Pujolas, but the Associated Economic Professor at McMaster University of Hamilton.

And even if the rates disappeared completely, the damage said they would still be made, because the uncertainty created in the economic system for businesses trying to make new investments, and consumers decide whether or not to make large purchases.

“After all, the exact amount of the rate we get will be important, but it will not go to the majority of damage (cause),” said Pujola.