The dispute between the United States and China is in trade, it is not possible to withdraw from trade. But these two countries must stay away from behaving like a fool. The US billionaire Warren Buffett commented on.
Warren Buffett, the world's second richest man on the Forbes list of US journalists, has opened the US-China trade war. Buffett said in a statement on Saturday in his company Berkshire Hathaway's annual meeting in Nebraska that Chinese investors have a question.
Warren Buffett, chairman and chief executive officer (CEO) of Berkshire Hathaway, said, "The United States and China have become the world's two superpowers for many years in economic and other aspects. There are several common interests of the two countries. There will always be tensions between any two major economies. But the interests of both countries must be protected in the business of global trade. '
Warren Buffett said in the US and China's trade war, "We have a conflict with each other (there is a difference between Democrats and Republicans) and there are differences in a trade with other countries. Many of the worlds dependent on the United States and China.!
Recently, due to the many steps taken by the taxpayers, the scare spread across the world that the world's two largest economies are engaged in a full trade war. Apart from opening doors for negotiations, the country has two warlords in duty. This year, the United States administration announced the release of duty on the import of China's steel and aluminum imports.
Later, in response to the announcement of a plan to impose a 25 percent tax on 1,500 Chinese products of $ 50 billion, China announced plans to impose 25 percent tax on the US $ 50 billion in chemicals and chemicals. US President Donald Trump said that China's rice was 'indecent mischief', he said he is now considering imposing more tax on China's imports of goods.US President Donald Trump said that China's rice was 'indecent mischief', he said he is now considering imposing more tax on China's imports of goods. Trump announces that this tax will be imposed on goods worth approximately $ 100 billion imported from China. Then the need to come to the discussion felt the two countries.
A Reuters report said that a delegation of Trump administration in China on Thursday and Friday talks about the possible changes in China-US trade and trade cooperation. The White House said in a statement on Friday, "The United States and China have discussed openly with Chinese officials about bilateral economic ties," the Finance Minister Steve Manchin said in a statement on Friday.
However, it is not said in the statement that President Trump does not think about the cancellation of duty.
But Chinese media is quite optimistic about the trade negotiations. An English media in the country said there were positive improvements in the two-day talks. If there is a solution to trade disputes, then this kind of discussion should be kept open.