Trump shared his Truth Social account.
Trump, who claimed that China was under great danger two weeks ago, said, “I put very high tariffs made it almost impossible for China to trade in the US market, which is a number of worlds,” Trump. evaluated.
Trump said that it was destructive for them to do so to China, that many factories were closed and “civil unrest”.
Stating that he did not like the situation on behalf of China, Trump said:
“I made a quick agreement with China to save them from this situation that I thought it would be very bad and I did not want to see the realization. Thanks to this agreement, everything quickly stabilized and China returned to its business as usual. Everyone was happy. This good news. Bad news is perhaps not surprising for some of us.
Temporary agreement was reached
US President Trump increased customs duties for this country after 145 percent after the tariff restoration with China. China also raised its tariffs for the US to 125 percent.
This month, after the trade negotiations in Switzerland, the United States and China agreed to temporarily reduce mutual customs duties.
Within the scope of the agreement, the US customs duties applied to Chinese goods as of May 14th from 145 percent to 30 percent for 90 days, China’s customs duties applied to US goods from 125 percent to 10 percent was announced.
It is stated that a mechanism will be established between China and the United States to maintain negotiations on trade and economic relations.
