– Trump has given up on almost all points. The costs were too large. This is what chief economist at Sparebank 1 Markets, Harald Magnus Andreassen says. The United States has just announced that they have signed an agreement with China. In the new agreement, three main points have: goods from China to the United States run from 125 to 30 percent tariff. Goods from the US to China runs from 145 to 10 percent tariffs. The agreement lasts for 90 days. Andreassen thinks the United States would have a shortage of many types of goods if they did not change the tariff rates. “This agreement is good news for the economy of the US and US consumers, but also for the entire world economy,” he says. Chief economist at Sparebank 1 Markets, Harald Magnus Andreassen Photo: Eirik Pessl-Kleiven / news Chief economist at DNB Carnegie, Kjersti Haugland, thinks the customs level was so high that the agreement has forced. – With more than 100 % customs, there was in practice trade between the countries. Over time, goods would have been shipped via detours, but it would also make things more expensive. Both Andreassen and Haugland refer to the agreement as “lively”. “Following this agreement there may be trade, but also with 30 % customs, Chinese goods become much more expensive for people in the United States,” says Haugland. Kjersti Haugland is the chief economist of DNB Carnegie, who was formerly called DNB Markets. The Meklarhuset launches its new name today after the acquisition of Swedish Carnegie. Photo: William Jobs / news DNB Carnegie’s analyzes is that the worst is behind us. They think there will be less turbulent in customs policy in the future. – Much indicates that Trump has got cold feet. The impression is that he went out extremely hard to create the most possible pressure in the negotiations. I still think Trump is stuck by using customs as a tool, but that they will avoid extremely high tariffs. New 90-day agreement Both economists point out that it is negative that the agreement only lasts for 90 days. – For everyone who is going to plan, it is bad news. This agreement signals that there may be tariff rates at a level level, but it lasts only three months and many points are unclear, says Andreassen. Also the duty break that Trump introduced in April lasts for 90 days. – It’s a lot of back and forth simply. A permanent agreement would be better. Now we get a little break in both the one and the other tariff, but we can’t know what’s waiting around the next turn, says Haugland. Kjersti Haugland, believes the tariff break between the United States and China is a single sign, but emphasizes that much can still change between the two countries. Published 12.05.2025, at. 10.27 Updated 12.05.2025, at. 10.51
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