US Tariff Suspension Brings Positive News for Poland
WARSAW (Reuters) - The suspension of U.S. tariffs is good news and shows the U.S. administration's will to deescalate this trade conflict, Polish Finance Minister Andrzej Domanski said on Thursday.
In a stunning reversal, U.S. President Donald Trump said he would temporarily lower the hefty duties he had imposed on dozens of countries, while further ramping up pressure on China, sending global stocks rocketing higher.
"This is positive information. It indicates a desire for some de-escalation on the part of the American administration of this trade conflict," Domanski told private broadcaster Polsat News.
"90 days is, I think, enough time to discuss the next steps with a cool head and in a thoughtful manner ... I think we will see a positive reaction on the Polish stock exchange as well."
Polish Prime Minister Donald Tusk said last week that the introduction of new tariffs by the United States might reduce the growth rate of the Polish economy by 0.4%.
(Reporting by Pawel Florkiewicz and Anna Wlodarczak-Semczuk. Editing by Jane Merriman)
