Trump says tariff on China will ‘come down substantially’ from 145 percent
- United States President Donald Trump stated that the 145% tariff on China will decrease significantly once a trade agreement is reached with Chinese President Xi Jinping, but it will not drop to zero.
- Trump emphasized his intention to be 'very nice' in discussions with Xi Jinping, avoiding sensitive topics like Covid-19.
- The White House is preparing for a possible de-escalation of trade tensions, with Treasury officials expecting a cooling of hostilities.
- China’s government seeks assurances from the Trump administration before engaging in talks, including a commitment to address its concerns.
303 Articles
303 Articles
Why Trump Will Blink First on China
U.S. President Donald Trump will probably blink first. The first sign of that came Tuesday when he said that 145% tariffs on China will “come down substantially” and Treasury Secretary Scott Bessent predicted “de-escalation” in the de facto trade embargo between the world’s two largest economies. Both sides would certainly benefit from finding agreement. The trade war has vaporized trillions of dollars from the stock market, caused the dollar to…
Trump says he might lower tariffs on China. Unless the number comes way down, experts say it won't matter
U.S. President Donald Trump told reporters Tuesday during a news conference that tariffs would 'come down substantially,' but wouldn't disappear completely. Experts say rates would need to drop to 10 or 20 per cent in order for trade to return to some kind of normalcy.
Trump the 'dealmaker' is finding reality won't bend to his will
For a man who has spent a lifetime bending reality to his will, President Donald Trump is starting to see his own reality being bent out of shape. Trump is expected to make yet another U-turn on his apparently hardline tariffs by reducing the 145 per cent rate he has placed on China to end the escalating trade war.He has also backtracked on a promise to fire the head of the country’s central bank after his words coincided with US stocks tanking …
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