United States President Donald Trump has signaled a possible turn in his trade war with China amid continued market volatility, saying that high tariffs on Chinese goods "will be significantly reduced, but they will not be zero."
Trump's response came late Tuesday at the White House. They appear to mark a rhetorical downgrade after weeks of harsh stances and tit-for-tat retaliation that sent tariffs on China past 145%.
"145% is a lot and it won't be that high. We're going to talk about fentanyl, since those were the factors that brought the tariff to 145 percent. The tariff will come down slowly, but it won't be zero either. China tried to catch up with us, but that's not going to happen. We're going to be very good with China, we have a great relationship with the President of China," Trump said, A2 writes.
Trump's reaction gave a boost to a Wall Street rally that had been building, with all three major U.S. stock indexes hitting their highest levels of the day. Asian shares also rose on Wednesday, with Hong Kong's Hang Seng Index leading regional gains, last trading more than 2% higher.
Japan's Nikkei 225 ended about 2% higher and South Korea's Kospi closed up 1.5%.
US President Donald Trump's statement regarding the head of the Federal Reserve also had a positive effect. He said he has "no intention of firing" Jerome Powell after criticism the day before. But Trump added that he would like Powell to be "a little more active" when it comes to lowering interest rates. (A2 Televizion)
A2 CNN Livestream
MUND TE LEXONI GJITHASHTU
