‘US wants stable relations with China, but doesn’t trust Beijing’, says Trump administration secretary

China reduces investment in the US Treasury and drops the dollar in global markets The Trump administration wants “stable relations with China, but does not trust” the country: this is what a senior State Department official defined when talking about the current situation between Washington and Beijing during a congressional hearing this Tuesday (24). Jacob Helberg, Under Secretary of State for Economic Affairs, serves as commissioner of the U.S.-China Economic and Security Review Commission. The statement comes weeks before United States President Donald Trump’s visit to China. The Republican will be in Beijing between March 31 and April 2, where he will meet Chinese President Xi Jinping. New controversy after decision on tariffs US and Chinese flags Keystone/EDA/Martial Trezzini/Handout via REUTERS China asked the United States to suspend tariffs on imports, which were increased at the behest of President Donald Trump on Saturday (21). In a statement, the Chinese Ministry of Commerce added that the fees “violate international trade rules and US domestic legislation, and are not in the interests of either party.” The US president announced the tariff increase after the Supreme Court ruled that Trump exceeded his authority by imposing a broad increase in tariffs on imports from almost all of the US’s trading partners. Trump increases global import tariff to 15% The announcement of the increase in taxes was made in a post on his social network Truth Social, less than 24 hours after informing that he would use a new legal instrument to apply the 10% tariff on imported products, with immediate effect. Now, the percentage has increased. According to Trump, the measure aims to correct “decades of unfair trade practices” that, in his assessment, harmed the American economy. In the statement, Trump states that, after “a complete and detailed analysis” of a recent decision by the US Supreme Court contrary to part of his tariff policy, he decided to immediately raise the global tariff from 10% to 15%.

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