US tariff in live ticker: Media reports: California plans to complain against Trump’s tariffs

The Chinese leadership apparently demands a number of steps from the American government before it agrees to trade talks. This particularly includes the fact that Trump administration shows more respect, for example by withdrawing derogatory statements from cabinet members. This is reported by the Bloomberg financial service and relies on a person familiar with the matter in Beijing. In addition, Washington must be ready to talk about Taiwan. And finally Beijing demands that the United States appoint a contact person for bilateral conversations, which Donald Trump supports directly and helps to prepare an agreement, who could sign Trump and Chinese head of state Xi Jinping. During the public, President Trump has been relatively cautiously about XI, other members of his government have become “falcon” so that the civil servants In Beijing about the position of the United States, the person said. According to the Bloomberg report, it did not give any concrete statements of American government agents. Most recently, Beijing, however, had expressed a comparatively significant displeasure with statements by the American Vice President JD Vance. This had defended the tariffs imposed by Trump to the television station “Fox News”. “What did the Globalistic economy bring the United States of America? And the answer is that it is essentially based on two principles – to make high debts to buy things that other countries produce for us,” Vance said and added: “To make it a little clearer, we borrow money from Chinese farmers to buy the things that make these Chinese farmers.” He continued: “This is not a recipe for economic prosperity, it is not a recipe for low prices, and it is not a recipe for good jobs in the United States of America.” The spokesman for the Chinese Ministry of Foreign Affairs, Lin Jian, described these Vance statements as “ignorant and disrespectful”. The civil servants in Beijing not only wanted a uniform message from the US government. They also wanted to know whether Washington was willing to respond to the prevailing view in China, according to which the United States pursues a policy that aims to contain and suppress China’s further modernization. The United States had limited certain high technology exports during the first term of office, but also under his successor Joe Biden-and also required similar things from other countries or companies, for example from the Dutch semiconductor company ASML. Trump’s current government has now prohibited the AI ​​chip manufacturer Nvidia to sell so-called H20 chips to China. The economic dispute between the largest and the second largest economy in the world escalated again after Washington and Beijing mutually increased the tariffs on imports from the other country. For some Chinese products, the American customs set is now 145 percent. According to media reports, the American government also wants to get other countries to decouple from China.

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