Canada and the United States show trade talks in May

China today (Friday) has announced that the additional fee for American products has been increased to 125 percent, while the European Union is trying to find a diplomatic route as its turn in the trade war with the United States.

The State Council’s Customs Foods Committee in Beijing has confirmed that “the United States, which performs unnatural high customs duties on China, is a threat to international trade rules,” threatening and unilateral compulsory policy, according to a statement published by the Ministry of Finance by China.

According to the French Press Agency, “on this level of customs duties, American products exported to China are not accepted in the Chinese market,” said Washington if it increases its fees, “China ignores it.

On Friday, US President Donald Trump promised his policy on customs duties called “well”, with confusion in global markets and fell against other currencies.

Trump has written on his “Truth Social” social networking platform: “We are very sad in our policy on definitions,” Trump wrote on his social media communication platform. (News) Happy to America and the world !! You go quickly. ”

The foggy scene caused by Trump policies continues to influence the dollar exchange rate, which has reached the lowest level against the euro on Friday, over 3 years.

Thursday, the European stock exchanges were the only stable, and on Thursday, the Beijing announcement returned, but witnessed at the beginning of the week without recording the fall.

On the other hand, the major indicators of the “Wall Street” are expected to increase on Friday.

“Resistance together”

Until the trade talks with these parties, Trump on Wednesday announced that additional customs duties should be freezed within 90 days after the United States’s 60 commercial partners were imposed a few days before. However, American President China is excluded from this measure and the fees have increased.

Since the beginning of April, the United States has carried out additional customs functions of 10 percent, and 25 percent of additional customs functions on steel, aluminum and cars, especially against the European Union.

As for Beijing, Washington imposed a huge additional fee of 145 percent.

During his reception, on Friday, Spanish Prime Minister Pedro Sanchez called on the European Union to “resist” to the European Union to deal with the trade war launched by Chinese President Xi Jinping Donald Trump.

“The China and the European Union must take up their international responsibilities, jointly protect the economic globalization and global trade environment and forcibly forced forcibly forcing,” said Ji Jinping in Beijing.

In turn, the Prime Minister of Spanish told reporters that “Spain and Europe have a big trade deficit with China, and we have to correct it.” But “we should not allow trade tensions to hinder (…) growth of relations between China and the Union.”

On Friday, China prepared Trump’s definitions of “numbers game … you laugh.”

A spokesman for the Chinese Commerce Ministry said that Washington’s fees for Beijing products have become a playing number of practical significance in the economy. ” “It only reveals the United States’s compulsion, it laughs,” he said.

“A fragile negotiation”

French President Emmanuel Macron said on Friday that Europe should “mobilize all the tools available to protect himself.” Through the “X” platform, Trump’s comment promises additional fees, “a fragile negotiation”, emphasizing that Europe should continue to take all the necessary counter actions. “

The European Union has decided to discontinue customs duties announced on American products, in an act that is considered “very smart”.

On Monday, European Commissioner for Commercial Affairs Marass Sevkovic is going to Washington to discuss the matter, a spokesman for the European Commission said on Friday.

The European Commission president Ursula Van Der Line has confirmed that Brussels can impose taxes on large American technology companies if negotiations with the United States fail.

“There are widespread counter -poles”, talking about “tax on advertising income from digital services” and to resort to “commercial resistance and force” known as “Bajuka”.

As a result of her, Christin Lagard, President of European Central Bank, on Friday, Warsa, in Warsa, “is always ready to oversee the situation and intervene”, using the tools available to her without giving more details.

Other Asian countries that rely heavily on their exports to the United States are careful, and there are no counter acts such as Vietnam and Cambodia, there are no two countries that produce Southeast Asian (Asian) and members of the Southeast, which confirmed that they do not take responses.

Oil companies are afraid

US President Donald Trump has sought to increase US oil and gas production from the first day of his presidency, but has taken into account the number of jobs, reducing the production and the number of jobs, as the company of petroleum exporting countries (OPEC) has been demanding raw production and duties in the duties of the rituals.

The United States is currently the world’s largest oil producer, pumped 13.55 million barrels per day. The sector uses millions of workers and knows about billions of dollars annually.

The Trump campaign, which promotes increased excavation, excavation and production, has raised the slogan “Drawa Baby Drawl” or “I dig, my dear, excavation” to facilitate increased production on organizations, and the President has instructed the authorities to do everything in their power to strengthen this sector.

But instead of achieving this, the markets were shocked from a significant decline in US knot, which had reached $ 55 per barrel this month, down from $ 78 per day to swear Trump.

Many companies say that if oil prices are less than $ 65 per barrel, they cannot maintain drilling and search.

Observers of this sector say that new customs functions will increase the cost of buying steel and equipment, which can push companies away from drilling if oil prices do not see a strong increase.

Trump has announced the imposition of customs duties on commercial partners since April 2, as well as the Wall Street Stock Exchange. After that, the OPEC+coalition has accelerated the speed of production, which has stimulated US oil prices to the lowest level as the Cofid -19 epidemic has led to the downfall, according to Reuters.

US Energy Information Administration has reduced US oil prices estimates to $ 63.88 per barrel in the current year, barrel from the previous estimate.

She said the consumption of world oil this year would increase 0.9 million barrels per day and increase less than 0.4 million barrels per day than the previous estimate.

Prior to customs duties this month, major companies, including “Chevron” and “SLB”, have announced the dismissal of employment to reduce costs.

“If prices are less than $ 60, and if it remains, we will see some decrease in the number of drilling platforms,” ​​said Ro Patterson, the administration partner of the “Marowder Capital” for the investment of American oil fields.

Patterson said: “It definitely opened the door to the OPEC countries to increase its market share, and this is an unintended injury with a friendly fire,” Patterson said.

“It is not logical for the administration to believe that oil companies continue to dig when prices are low,” he said.

The number of oil drilling platforms in the United States has reached 506 by the end of March, a decrease of 382 platforms, which saw the highest drilling platforms in the last decade.

“If the oil prices are at $ 50 per barrel, the number of drilling platforms will decrease, and the decrease may exceed 10 percent or 20 per cent,” said the president and CEO of the CEO of Premium Oilfield Technologies. And if prices stabilize $ 50 in a short time, I will not surprise 50 percent of its decline. ”

Tie

According to a survey conducted by the Federal Reserve in Dallas, there are more than 100 oil and gas companies in the Texas Region, New Mexico and Louisiana, to achieve the profitability of drilling work for oil producers, and an average of a barrel for oil producers. This is the highest dollar in the price they have decided in the first quarter of last year.

According to the research agency, “restod energy” and company “wood McKenzie”, average tie point or the cost of developing a new well in the United States, less than $ 48 per barrel. This price increases over 60 per barrel after adding profits, loan payment, company expenses and other expenses.

“In fact, companies that work at the rate of $ 40 per barrel, and their functionality will slow down when prices fall from $ 65 per barrel, as their profit coverage level is in danger,” said Mathew Bernste, said Bernste, said.

Many companies listed on the Stock Exchange have focused on capital discipline, and over the past few years, after the last few years, investors have left this sector due to the weak revenue of profit distribution and growth for shareholders.

According to a company called “Wood McKenzie”, the cost of drilling in the best areas of the Bermian Basin, perhaps less than 40 per barrel, but the third largest oil -US state, North Dakota, needs about $ 57 per barrel.

Executive officials in the sector said that the ponds are high in the current pricing level.

According to the Dallas Federal Reserve Survey, the average price of maintenance costs for current wells, or the price of companies trying to stop production, has reached approximately $ 41 per barrel, $ 39 in the last year.

Customs duties on steel, as well as future goods from China, are likely to increase expenses, which is a supplier of many main components used in drilling and equipment platforms.