Jörg Kukies is a very polite person, so even with his latest statements, you can make sure that he was not out of the widespread. However, his words were lighting: It was confident, the Federal Finance Minister said at the Spring meeting of the International Monetary Fund (IMF) this week in Washington that the customs conflict between Europe and the United States of America could be solved in the 90 -day period set by President Donald Trump for discussions. “The level of complexity of everyone is not high.”
In fact, things are relatively simple: here, the most powerful rainy country in the world exploits its position in the position of other countries under pressure and forcing it to recognize commercial policy and in the completely inappropriate areas. Accordingly, those affected now must weigh to what extent they should meet the extortion so that the shameful work ends.
At the beginning of April, Trump occupied the goods from more than 80 countries with a highly high tariff because these states “float” the United States with the surplus export. Although all economists are practically looking at this view, the affected governments of countries must deal with them now. This applies, above all, to the People’s Republic of China, which occupies its exports to the United States with definitions at a total altitude of 145 percent, which, as repercussions, now aims at 125 percent. The US border authorities require 20 percent on the goods from the European Union. However, Trump has suspended some of the 90 -day definitions to enable countries and affected alliances to provide a “deal”.
American Finance Minister Bessent, too, cannot really provide information
American aggressive customs policy dominated the entire International Monetary Fund, which traditionally uses representatives from more than 200 states and institutions to exchange ideas on all current global economic problems. In fact, the signs of ascending were, especially in industrialized countries until the beginning of the year. However, Trump donated many disturbances in his first 100 days that it is no longer possible to exclude the same recession in Germany and even in the United States. Crystalina Georgio, the leader of the International Monetary Fund, said the definitions are not a decisive problem for many countries. “Instead, it’s uncertainty.”
At the conference, US Finance Minister Scott Besin, who had to clarify over and over again in official meetings and many meetings on the side of what the United States actually sought with its path. Although all of his counterparts did two practices without direct criticism of Trump – also does not cause his famous anger. However, many were confused. Malaysian Finance Minister Amir Hamza Azizan said: “We still do not fully understand where this must lead this in the end,” said Malaysian Finance Minister Amir Hamza Azizan.
According to Kokis, Bessent was very based on conversations. The Federal Finance Minister, who may have to abandon his office to another social democracy- probably after party leaders Lars Kleelengil, said that he himself believes that he is the best solution if Europe and the United States of America are completely distributed with the customs tariff in importing and exporting industrial goods. Kukies also called on the United States to search for a compromise with China, because the high customs tariff between the two countries on the one hand and low import taxes between the People’s Republic and the European Union will lead a very few deviation maneuver. The minister said: “This cannot be interested in anyone, especially in the interest of the European Union, because that means only that the excessive ability will end with us.”
China is conducting negotiations on the withdrawal of all new customs duties
However, there were recently contradictory statements whether the United States and China were already discussed. While Trump claimed that they were already talking to each other, Beijing rejected this presentation. A spokesman for the Chinese Ministry of Commerce said, if the Americans want a solution, they will have to listen to “reasonable sounds” at home and abroad and restore all new definitions. “The person who tied the belt is closer, he should reduce it again,” he said.
British Finance Minister Rachel Reeves was one of the few participants at the International Monetary Fund conference, which he understood the United States. Trump’s wrong solution showed. “However, the United States is not completely wrong” that major universal imbalances were a problem. In fact, many economists also criticized in the past that countries like Germany, especially China, have built their economic success model almost on very high surpluses for export. However, none of the experts suggested solving the problem with the help of definitions. Reeves also called things to address things in dialogue.
The President of the European Investment Bank (EIB), Nadia Calvinho, felt comfortable because it was possible to defuse the customs conflict slightly during the International Monetary Fund conference. Among other things, she referred to the Besent promise, the Trump logo is not called “America first” “America alone”. The reaction of others was more conservative. “Frankly,” Swedish Finance Minister Elizabeth Svenson said: “The United States must restore our confidence.”
